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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: Face Amount
Determine due date and interest on notes Determine the due date and the amount of interest due at maturity on the following notes: Face Amount Interest Rate Term of Note a. January 5* b. February 15* c. May 19 d. August 20 e. October 19 Date of Note Note a. b. C. d. *Assume non-leap year in which February has 28 days. Assume 360 days in a year when computing the interest. e. $84,000 15,000 70,000 35,600 50,000 Due Date Interest 6% 1000 4 8 5 7 120 days 30 days 45 days 90 days 90 days
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