Question: Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes dated in

Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes dated in 2016: Date of Note Face Amount Interest Rate Term of Note a. January 3 * $80,000 6% 120 days b. February 20 * 27,000 4 30 days c. May 24 62,500 8 45 days d. August 30 30,000 5 90 days e. October 4 40,000 7 90 days * February 2016 has 29 days. Assume 360 days in a year when computing the interest. PLASE HELP with the Circled part????? Portion of year??? Due Date Principal Portion of Year x Rate Interest a May 2 $80,000 6% $1,600 b. March 21 $27,000 4% $90 C. July B $62,500 8% $625 d November 28 $30,000 5% $375 January 2 $40,000 7% $700
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