Determine due date and interest on notes Obj 1

Determine due date and interest on notes Obj 1 Feb. 20, $450 Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note
a. January 6 $40,000 9% 45 days
b. March 23 9,000 10 60 days
c. May 30 12,000 12 90 days
d. August 30 18,000 10 120 days e. October 1 10,500 8 60 days
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...


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