Chapter 10: Notes Payable Determine the maturity value and compute interest for each of the following notes payable: Due Date Interest Amount Date of Note August 5 May 10 October 19 July 6 September 15 Principal $15,000 8,400 12,000 4,500 12,000 Interest Rate 9% 7% 9% 10% 8% Term 120 days 45 days 90 days 60 days 75 days