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 10*	$40,000			5%	90 days
b.	March 19	18,000			8	180 days
c.	June 5	90,000			7	30 days
d.	September 8	36,000			3	90 days
e.	November 20	27,000			4	60 days

*Assume that February has 28 days.

Assume 360-days in a year when computing the interest.

Note	Due Date	Interest
(a)		$
(b)
(c)
(d)
(e)