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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 NoteFace AmountInterest RateTerm of Notea.January 10*$40,0005%90 daysb.March 1918,0008180 daysc.June 590,000730 daysd.September 836,000390 dayse.November 2027,000460 days
*Assume that February has 28 days.
Assume 360-days in a year when computing the interest.
NoteDue Date Interest
(a) $
(b)
(c)
(d)
(e)
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