On 02/09/2017, a merchant owned the following papers: The first had a nominal value of 7500 dinars and was due for payment on 2/19 The second had a nominal value of 5000 dinars and was due for payment on 2/24 The third had a nominal value of 18250 dinars due to be paid on 3/11 The fourth had a nominal value of 9250 dinars due to be paid on 23/3 1) The first and second notes were replaced by a new one with a nominal value of 12750 dinars. What is its due date? 2) The third and fourth papers were replaced by one paper payable on 3/15, so what is its nominal value 3) Determine the average maturity date for the four commercial papers? Note: Discount rate is 6% *