Question: Maturity Dates of Notes Payable Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: Use 360

 Maturity Dates of Notes Payable Determine the maturity date and compute

Maturity Dates of Notes Payable Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: Use 360 days for calculations and round to the nearest dollar, Date of note Principal Interest Rate () Term 8. August 5 516,000 8% 90 days b. May 10 9,400 7% 120 days c. October 20 13,000 9% 60 days d. July 6 5,500 104 75 days e September 15 14,500 89 45 days For the maturity date, select the appropriate month using the drop-down menu and enter the correct day next to the month using the fill-in the blank answer box Maturity Date Interest b. d

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