Determine due date and interest on notes
Determine the due date and the amount of interest due at maturity on the following notes:
Note Date of Note Face Amount Interest Rate Term of Note
a. January 5* $84,000 6% 120 days
b. February 15* 18,000 4 30 days
c. May 19 66,000 8 45 days
d. August 20 36,000 5 90 days
e. October 19 50,000 7 90 days
*Assume a non-leap year in which February has 28 days.
Assume 360 days in a year when computing the interest.
Note Due Date Interest