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Determine the due date and the amount of interest due at maturity on the following notes. Assume 360 days per year. Date of Note Face

Determine the due date and the amount of interest due at maturity on the following notes. Assume 360 days per year.

Date of Note Face Amount Interest Rate Term of Note
(a) October 1 $21,000

8%

60 days

(b) August 30 9,000

10

120 days

(c) May 30 12,000

12

90 days

(d) March 6 15,000

9

60 days

(e) May 23 9,000

10

60 days

Due Date Interest
1. $
2.
3.
4.
5.

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