Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note 1. 2. Contract Date March 2 May 16 October 21 Principal $ 12,000 16,000 8,000 Interest Rate 5% 7 3 Period of Note (Term) 60 days 90 days 45 days 3. Contract Date Maturity Month Maturity Date Interest Expense 1. March 2 21 2. May 16 May August December 3. October 21 1 2 3 4