Question: 6% 4 Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes:
6% 4 Determine Due Date and Interest on Notes 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 $90,000 120 days b February 15 21,000 30 days C. May 19 68,000 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. Assume 360 days in a year when computing the interest. Note Due Date Interest (a) 8 (b) (d)
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