Determine the due date and the amount of interest due
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Determine the due date and the amount of interest due at maturity on the following notes:
| Date of Note | Face Amount | Interest Rate | Term of Note | |||||
| a. | January 5 * | $90,000 | 6% | 120 days | ||||
| b. | February 15 * | 21,000 | 4 | 30 days | ||||
| c. | May 19 | 68,000 | 8 | 45 days | ||||
| d. | August 20 | 34,400 | 5 | 90 days | ||||
| e. | October 19 | 50,000 | 7 | 90 days |
* Assume a leap year in which February has 29 days.
Assume 360 days in a year when computing the interest.
- Jan. 17
- Mar. 16
- May 4
- July 3
- Nov. 18
| Note | Due Date | Interest |
| (a) | $fill in the blank 2 | |
| (b) | $fill in the blank 4 | |
| (c) | $fill in the blank 6 | |
| (d) | $fill in the blank 8 | |
| (e) | $fill in the blank 10 |
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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. When calculating interest amounts, assume there are 360 days in a year. Round intermediate calculations to 4 decimal places, and round your final answers to the nearest whole dollar. Date of Note a. January 15 April 1 b. C. d. e. a. b. C. d. e. June 22 August 30 October 16 Due Date Feb. 14 Jun. 38 Aug. 6 Dec. 28 Dec. 5 Face Amount $44,175 $ 12,350 19,800 20,535 10,935 Interest Due at Maturity Interest Rate 9% 9 13 13 8 Term of Note 30 days 90 days 45 days 120 days 50 daysDetermine 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 Face Amount Interest Rate Term of Note a. January 10* $40,000 5% 90 days b. March 19 18,000 8 180 days c. June 5 90,000 7 30 days d. September 8 36,000 3 90 days e. November 20 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. Apr. 10 $ b. Sept. 15 c. July 5 d. Dec. 7 e. Jan. 19Determine 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 Face Amount Interest Rate Term of Note a. January 10* $40,000 5% 90 days b. March 19 18,000 8. 180 days C. June 5 90,000 7 30 days d. September 8 36,000 3 90 days November 20 27,000 60 days е. *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest a. С. d. е. II b.
