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 * $80,000 6% 120 days

b. February 15 * 27,000 4 30 days

c. May 19 67,000 8 45 days

d. August 20 32,400 5 90 days

e. October 19 54,000 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 $ fill in the blank

(b) Mar. 16 $ fill in the blank

4 (c) July 3 $ fill in the blank

(d) Nov. 18 $ fill in the blank

(e) Jan. 17 $ fill in the blank