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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 Note Face Amount Interest Rate Term of Note a. January 3* $80,000 NOWN b. February 20* C. May 24 d. August 30 e. October 4 27,000 62,500 30,000 120 days 30 days 45 days 90 days 90 days 40,000 * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. Note Due Date Interest (a) Jan. 2 March 21 2 OSO May 2 July 8 Nov. 28
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