Assignment

Part 1:

Using the interest formula, compute the interest and maturity values for each of the following notes :

Principal	Interest Term	Rate
$4,000	11.5%	60 days
$10,000	11.75%	90 days
$6,500	12.75%	60 days
$900	12.25%	120 days

Part 2:

Calculate the maturity date for the following notes, and check your work by using a calendar.

	Date of Note	Term
1.	4th January	30 days
2.	10th February	60 days
3.	15th March	30 days
4.	10th April	90 days
5.	25th May	4 months