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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: Interest Rate

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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: Interest Rate 5% 8 Date of Note Face Amount Term of Note 90 days 180 days 30 days 90 days 60 days January 10% b. March 19 c. June 5 d. September 8 e. November 20 * February 2016 has 28 days Assume 360 days in a year when computing the interest Note $40,000 18,000 90,000 36,000 27,000 4 Due Date Interest

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