Question: Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 4

Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) Note Contract Date March 4 1. 2. 3. Interest Rate 5% 7 4. Principal $18,000 18,000 11,000 Period of Note (Term) 60 days 90 days 45 days May 18 October 23 Contract Date Maturity Month Maturity Date Interest Expenses 1. March 4 2. May 18 3. October 23

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