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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 5 * $80,000 6% 120 days
b. February 15 * 15,000 4 30 days
c. May 19 69,000 8 45 days
d. August 20 33,200 5 90 days
e. October 19 50,000 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)

Jan. 17Mar. 16May 4July 3Nov. 18

$fill in the blank 2
(b)

Jan. 17Mar. 16May 4July 3Nov. 18

$fill in the blank 4
(c)

Jan. 17Mar. 16May 4July 3Nov. 18

$fill in the blank 6
(d)

Jan. 17Mar. 16May 4July 3Nov. 18

$fill in the blank 8
(e)

Jan. 17Mar. 16May 4July 3Nov. 18

$fill in the blank 10

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