Question: 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

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 5*
$97,000
6%
by February 15*
c. May 19
15,000
4
70,000
8
d. August 20
33,200
5
e. October 19
52,000
7
*Assume a non-leap year in which February has 28 days.
Assume 360 days in a year when computing the interest.

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