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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 dated in

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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 dated in 2016: Date of Note Face Amount Interest Rate Term of Note a. January 3 * $80,000 6% 120 days b. February 20 * 27,000 4 30 days c. May 24 62,500 8 45 days d. August 30 30,000 5 90 days e. October 4 40,000 7 90 days * February 2016 has 29 days. Assume 360 days in a year when computing the interest. PLASE HELP with the Circled part????? Portion of year??? Due Date Principal Portion of Year x Rate Interest a May 2 $80,000 6% $1,600 b. March 21 $27,000 4% $90 C. July B $62,500 8% $625 d November 28 $30,000 5% $375 January 2 $40,000 7% $700

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