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 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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