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determine due date and interest on notes Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at

determine due date and interest on notes

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Determine Due Date and Interest on Notes 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 a. January 10* $40,000 5% 90 days b. March 19 18,000 8 180 days 90,000 7 30 days C. June 5 d. September 8 November 20 36,000 3 90 days 60 days 27,000 4 * Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest a. b. bell d e

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