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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 $100,000 6% 120 days 30,000 4 30 days 62,000 8 45 days 42,400 5 90 days 40,000 7 90 days *Assume a non-leap year in which February has 28 days. Assume 360 days in a year when computing the interest. Note a. b. Due Date Interest May 5 Mar. 17 20,000 X 1,000 X C. July 3 d. Nov. 18 e. Jan. 17
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