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Question 2    Compute the unknowns for the following transactions dealing with interest on notes receivable....

Question 2

  1.    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
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