Question: Determine due date and interest on notes Determine the due date and the amount of interest due at maturity on the following notes: Note Date

Determine due date and interest on notes

Determine the due date and the amount of interest due at maturity on the following notes:

Note Date of Note Face Amount Interest Rate Term of Note
a. January 5* $95,000 6% 120 days
b. February 15* 15,000 4 30 days
c. May 19 68,000 8 45 days
d. August 20 33,600 5 90 days
e. October 19 46,000 7 90 days

*Assume a non-leap year in which February has 28 days.

Assume 360 days in a year when computing the interest.

Note Due Date Interest
a.

Jan. 17Mar. 17May 5July 3Nov. 18

$fill in the blank 2
b.

Jan. 17Mar. 17May 5July 3Nov. 18

$fill in the blank 4
c.

Jan. 17Mar. 17May 5July 3Nov. 18

$fill in the blank 6
d.

Jan. 17Mar. 17May 5July 3Nov. 18

$fill in the blank 8
e.

Jan. 17Mar. 17May 5July 3Nov. 18

$fill in the blank 10

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