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Determine Due Date and Interest on Notes a. 4 Determine the due date and the amount of interest due at maturity on the following notes:
Determine Due Date and Interest on Notes a. 4 Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note January 3* $80,000 6% 120 days b. February 20* 27,000 30 days May 24 62,500 8 45 days d. August 30 30,000 5 90 days October 4 40,000 7 90 days * Assume a leap year in which February has 29 days. C. e. Assume 360 days in a year when computing the interest. Note Due Date Interest (a) $ (b) $ (c) $ (d) $ (e)
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