QS 9-12 (Algo) Computing note interest and maturity date LO C2 Determine the maturity date and compute interest for each note. Note: Use 360 days a year. Do not round intermediate calculations. Note Contract Date Principal 1. March 8 $ 17,000 2. May 22 22,000 3. October 27 15,000 Contract Date 1. March 8 2. May 22 3. October 27 Interest Rate 6% 8 4 Maturity Month Maturity Date Period of Note (Term) 60 days 90 days 45 days Interest Expense

QS 9-12 (Algo) Computing note interest and maturity date LO C2 Determine the maturity date and compute interest for each note. Note: Use 360 days a year. Do not round intermediate calculations