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Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: (Use 360 as the denominator when calculating

Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: (Use 360 as the denominator when calculating the interest amount. Round to a whole number.)

Date of Note Principal Interest Rate (%) Term
a. August 5 $15,000 8 120 days
b. May 10 8,400 7 90 days
c. October 20 12,000 9 45 days
d. July 6 4,500 10 60 days
e. September 15 13,500 8 75 days

Maturity DateInterest

month day maturity

a a a

b b b

c c c

d d d

e e e

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