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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: Use 360

Maturity Dates of Notes Payable Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: Use 360 days for calculations and round the nearest dollar.

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Date of note Principal $15,000 8,400 12,000 4,500 12,000 Interest Rate (%) Term a. August S b. May 10 c.October 5 d. July 6 e. September 15 9120 days 90 days 45 days 60 days 75 days For the maturity date, select the appropriate month using the drop-down menu and enter the correct day next to the month using the fill-in the blank answer box. Maturity Date Interest a December 50 X b. August 147 C. November 200 X d. September 75 e. November 29 200 Check

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