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			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

* 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)		$
(b)		$
(c)		$
(d)		$
(e)		$