Determine the maturity date and compute the interest for each of the following notes payable with add on interest (Use 360 as the denominator when calculating the interest amount Round to a whole number ) Date of Note Principal Interest Rate ( ) Term a August 5 $15,000 8 120 days b May 10 8,400 7 90 days c October 20 12,000 9 45 days d July 6 4,500 10 60 days e September 15 13,500 8 75 days Maturity DateInterest month day maturity a a a b b b c c c d d d e e e

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Question: Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: (Use 360 as the denominator when calculating

Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: (Use 360 as the denominator when calculating the interest amount. Round to a whole number.)

	Date of Note	Principal	Interest Rate (%)	Term
a.	August 5	$15,000	8	120 days
b.	May 10	8,400	7	90 days
c.	October 20	12,000	9	45 days
d.	July 6	4,500	10	60 days
e.	September 15	13,500	8	75 days

Maturity DateInterest

month day maturity

a a a

b b b

c c c

d d d

e e e

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