Question: Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Face Amount

 Determine Due Date and Interest on Notes Determine the due date

Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Face Amount Interest Rate Term of Note Date of Note a. January 10* 5% 90 days $40,000 18,000 b. March 19 8 180 days C. June 5 90,000 7 30 days 3 90 days d. September 8 e. November 20 36,000 27,000 4 60 days *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest a. b. C. d. HL e

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