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 NoteFace AmountInterest RateTerm of Notea.January 5 *$88,0004%120 daysb.February 15 *21,000745 daysc.May 1967,000545 daysd.August 2031,500490 dayse.October 1950,000690 days

* Assume a leap year in which February has 29 days.

Assume 360 days in a year when computing the interest.

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