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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 not es Date

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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 not es Date of Note Face Amount Interest Rate 5% 8 7 Term of Note a. January 10* b. March 19 c. June 5 d. September 8 e. November 20 * February 2016 has 28 days Assume 360 days in a year when computing the interest. Note $40,000 18,000 90,000 36,000 27,000 90 days 180 days 30 days 90 days 60 days Due Date Interest

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