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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 | 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. | Jan. 19Apr. 10Sept. 15July 5Dec. 7Apr. 10 | $fill in the blank 2 |
| b. | Jan. 19Apr. 10Sept. 15July 5Dec. 7Sept. 15 | fill in the blank 4 |
| c. | Jan. 19Apr. 10Sept. 15July 5Dec. 7July 5 | fill in the blank 6 |
| d. | Jan. 19Apr. 10Sept. 15July 5Dec. 7Dec. 7 | fill in the blank 8 |
| e. | Jan. 19Apr. 10Sept. 15July 5Dec. 7Jan. 19 | fill in the blank 10 |
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