Question: Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Term of
Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Term of Note Date of Note a. January 10* b. March 19 C. June 5 d. September 8 e. November 20 Face Amount Interest Rate $40,000 5% 18,000 8 90,000 36,000 27,000 "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. 90 days 180 days 30 days 90 days 60 days
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