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    College Accounting
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    Exam 14: Notes Receivable and Notes Payable
  5. Question
    Calculate the Simple Interest and Maturity Value for the Following
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Calculate the Simple Interest and Maturity Value for the Following

Question 108

Question 108

Essay

Calculate the simple interest and maturity value for the following:
a)$15,000,10%,2 1/2 years
b)$ 3,800,7%,7 months
c)$ 8,400,14%,90 days

Correct Answer:

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a)$3,750.00 and $18,...

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