Question: Determine due date and interest on notes Obj. 6 Determine the due date and the amount of interest due at maturity on the following notes:

Determine due date and interest on notes Obj. 6 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 5 * $90,000 6% 120 days

b. February 15 * 21,000 4 30 days

c. May 19 68,000 8 45 days

d. August 20 34,400 5 90 days

e. October 19 50,000 7 90 days

* Assume a leap year in which February has 29 days.

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