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 *	$90,000			6%	120 days
b.	February 15 *	21,000			4	30 days
c.	May 19	68,000			8	45 days
d.	August 20	34,400			5	90 days
e.	October 19	50,000			7	90 days

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

Assume 360 days in a year when computing the interest.

Note	Due Date	Interest
(a)	May 4	$
(b)	Mar. 16	$
(c)	July 3	$
(d)	Nov. 18	$
(e)	Jan. 17	$

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