Question: Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date Principal Interest

Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.)

Note Contract Date Principal Interest Rate Period of Note (Term)
1. March 21 $ 30,000 7 % 60 days
2. May 13 35,000 10 90 days
3. October 22 20,000 4 45 days

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