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Determine the maturity date and compute interest for each note. (Use 360 day Note 1. 2. 3. Contract Date March 12 May 04 October 23

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Determine the maturity date and compute interest for each note. (Use 360 day Note 1. 2. 3. Contract Date March 12 May 04 October 23 Principal $21,000 26,000 19,000 Interest Rate 6% 8 Period of Note (Term) 60 days 90 days 45 days 4 Contract Date Maturity Month Maturity Date Interest Expenses 11 1. March 12 2. May 04 3. October 23 May August December 2 22

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