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

 Determine Due Date and Interest on Notes Determine the due date

Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Term of Note Face Amount Interest Rate 6% 4 8 5 Date of Note 120 days 30 days 45 days 90 days 90 days a. January 5* b. February 15 c. May 19 d. August 20 e. October 19 * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. Note $90,000 21,000 68,000 34,400 50,000 Interest Due Date

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