6 QS 7-10 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 intermediate calculations.) oints Note 1. 2. 3 Contract Date March 9 May 23 October 20 Principal $18,000 20,000 16,000 Interest Rate 5% 7 3 Period of Note (Term) 60 days 90 days 45 days eBook Ask Maturity Month Maturity Date Interest Expenses Contract Date 1. March 9 2. May 23 3 October 20 References