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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
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 a. January 10 b. March 19 C. June 5 d. September 8 e. November 20 Face Amount $40,000 18,000 90,000 36,000 27,000 Interest Rate 5% "Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date a. Apr. 10 b. C. d. Sept. 15 July 5 Dec. 7 Interest 500 720 e. Jan. 19 180 8 734 Term of Note 90 days 180 days 30 days 90 days 60 days
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