Question: Determine the maturity date and compute interest for each note. Note: Use 360 days a year. Do not round Intermediate calculations. Note 1. 2. 3.

Determine the maturity date and compute interest for each note. Note: Use 360 days a year. Do not round Intermediate calculations. Note 1. 2. 3. Contract Date March 17 May 9 October 24 Contract Date 1. March 17 2. May 9 3. October 24 Principal $ 24,000 31,000 19,000 Interest Rate 5% 584 Maturity Month Maturity Date Period of Note (Term) 60 days 90 days 45 days Interest Expense

Determine the maturity date and compute interest for each note. Note: Use 360 days a year. Do not round Intermedlate calculatlons

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