Determine Due Date and Interest on Notes Determine the due date and the amount of interest...

 

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Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Date of Note January 5 * b. February 15 * May 19 d. August 20 October 19 a. C. e. Note (a) (b) (c) (d) * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. (e) Due Date Jan. 17 Mar. 16 May 4 July 3 Nov. 18 Feedback X X X Face Amount X A LA LA $94,000 15,000 66,000 34,400 46,000 FA Interest 805 X 200 X 18,800 X 660 X Interest Rate 430 X 6% 4 8 5 7 Term of Note 120 days 30 days 45 days 90 days 90 days Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Date of Note January 5 * b. February 15 * May 19 d. August 20 October 19 a. C. e. Note (a) (b) (c) (d) * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. (e) Due Date Jan. 17 Mar. 16 May 4 July 3 Nov. 18 Feedback X X X Face Amount X A LA LA $94,000 15,000 66,000 34,400 46,000 FA Interest 805 X 200 X 18,800 X 660 X Interest Rate 430 X 6% 4 8 5 7 Term of Note 120 days 30 days 45 days 90 days 90 days

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