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: Date of
Maturity Dates of Notes Payable
Determine the maturity date and compute the interest for each of the following notes payable with add-on interest:
| Date of Note | Principal | interest Rate(%) | Term | |
| a | Aug-8 | 15,000 | 9% | 120 days |
| b | May-10 | 8,400 | 7% | 90 days |
| c | Oct-5 | 12,000 | 9% | 45 days |
| d | Jul-6 | 4,500 | 10% | 60 days |
| e | Sep-15 | 1,200 | 8% | 75 days |
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