Question: Determine due date and interest on notes Determine the due date and the amount of interest due at maturity on the following notes: table
Determine due date and interest on notes
Determine the due date and the amount of interest due at maturity on the following notes:
tableDate of Note,Face Amount,Interest Rate,Term of Notea January $ daysb February daysc May daysd August dayse October days
Assume a nonleap year in which February has days.
Assume days in a year when computing the interest.
Note
Due Date
Interest
a
b
c
d
$
$
$
$
e $
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