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Maturity Dates of Notes Payable Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: Date of

Maturity Dates of Notes Payable

Determine the maturity date and compute the interest for each of the following notes payable with add-on interest:

Date of Note Principal interest Rate(%) Term
a Aug-8 15,000 9% 120 days
b May-10 8,400 7% 90 days
c Oct-5 12,000 9% 45 days
d Jul-6 4,500 10% 60 days
e Sep-15 1,200 8% 75 days

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