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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
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 5* b. February 15 * C. May 19 d. August 20 e. October 19 Face Amount Interest Rate Term of Note $97,000 6% 120 days 18,000 4 30 days 66,000 8 45 days 35,200 5 90 days 48,000 7 90 days * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. Note Due Date (a) May 4 (b) Mar. 16 (c) July 3 (d) Nov. 18 (e) Jan.17 Interest
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