Determine the maturity date and compute interest for each note. Note: Use 360 days a year. Do not round intermediate calculations. Note 1. 2. 3. Contract Date March 2 May 16 October 21 Contract Date 1. March 2 2. May 16 3. October 21 Principal $ 12,000 16,000 8,000 Maturity Month Interest Rate 5% 7 3 Maturity Date Period of Note (Term) 60 days 90 days 45 days Interest Expense

Determine the maturity date and compute interest for each note. Note: Use 360 days a year. Do not round intermediate calculations