Question: 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
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 * $81,000 6% 120 days b. February 15 * 15,000 30 days C. May 19 65,000 45 days d. August 20 34,800 90 days e. October 19 48,000 90 days * Assume a leap year in which February has 29 days. vu Assume 360 days in a year when computing the interest. Note Due Date Interest (a) @ OOO
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