Question

Question 2

Compute the unknowns for the following transactions dealing with interest on notes receivable. 365 days per year. Round your answers to the nearest dollar.

Principal Rate	Interest	Duration	Interest Value	Maturity
$10,000	10%	120 days	E	G
$25,000	12%	C	$2,515	H
A	6%	180 days	$2,959	I
$50,000	B	60 days	$493	J
$36,000	9%	D	F	$36,710

Answer 1

Principal Rate	Interest	Duration	Interest Value	Maturity
$10,000	10%	120	$329(10,000*10%*120/365)	$10,329($10,000+$329)
$25,000	12%	306 days(25,000*12%*(x)/365=$2,515)	$2,515	$27,515($25,000+$2,515)
$100,003((x)*6%*108/365=$2,959)	6%	108 days	$2,959	$102,962($100,003+$2,959)
$50,000	6%(50,000*(x)*60/365=$493)	60 days	$493	$50,493($50,000+$493)
$36,000	9%	80 days($36,000*9%*(x)/365=$710)	$710($36,710-$36,000)	$36,710

Note:(x)=variable which is to be found out