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Determine Due Date and Interest on Notes

Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 360 days in a year. Round intermediate calculations to 4 decimal places, and round your final answers to the nearest whole dollar.

	Date of Note	Face Amount		Interest Rate		Term of Note
a.	January 15	$52,525		8	%	30 days
b.	April 1	17,040		12		90 days
c.	June 22	40,275		13		45 days
d.	August 30	27,750		12		120 days
e.	October 16	14,270		11		50 days

	Due Date	Interest Due at Maturity
a.	Feb. 14	345 incorrect
b.	Jun. 30	504 incorrect
c.	Aug. 6	646 incorrect
d.	Dec. 28	13,110 incorrect
e.	Dec. 5	215 incorrect