Blue Supply accepts a $5,000, 120-day, 4% note dated April 10 from Clairmont in settlement of Leonard's overdue open account. What is the maturity date? August 8 Determine the interest amount for the three promissory notes. (For notes expressed in terms of days, use a 360-day year. Round your answers to 2 decimal places, e.g. 52.75.) Terms of Note $5,000, 7%, 90 days $3,000, 4%, 1 year $7,000, 9%, 5 months $ $ Interest 1400

Blue Supply accepts a $5,000,120-day, 4% note dated April 10 from Clairmont in settiement of Leonard's overdue open account. What is the maturity date? Determine the interest amount for the three promissory notes. (For notes expressed in terms of days, use a 360 -day year, Round your answers to 2 decimal places, e.g. 52.75.)