Question: Obj. 6 EX 8-19 Determine due date and interest on notes Determine the due date and the amount of interest due at maturity on the

 Obj. 6 EX 8-19 Determine due date and interest on notes

Obj. 6 EX 8-19 Determine due date and interest on notes Determine the due date and the amount of interest due at maturity on the following notes: Interest Rate Term of Note 120 days 30 days 45 days 90 days 90 days Date of Note January 3* February 20 May 24 August 30 October 4 Face Amount $80,000 27,000 62,500 30,000 40,000 6% 4 A. B. C. D. E. Assume a leap year in which February has 29 days

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