QS 7-12 (Algo) Computing note interest and maturity date LO C2 Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermedi Note 1. 2. 3. Contract Date March 10 May 24 October 21 Principal $ 21,000 24,000 17,000 Interest Rate 7% 9 4 Period of Note (Term) 60 days 90 days 45 days Maturity Month Maturity Date Interest Expense Contract Date 1. March 10 2. May 24 3 October 21