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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

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 * $90,000 6% 120 days
b. February 15 * 21,000 4 30 days
c. May 19 68,000 8 45 days
d. August 20 34,400 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) $
(b) $
(c) $
(d) $
(e) $

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