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Chapter 9 Homework Determine Due Date and Interest on Notes Determine the due date and...

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Chapter 9 Homework 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 5% a. January 10* $40,000 b. March 19 18,000 C. June 5 90,000 d. September 8 36,000 e. November 20 27,000 *Assume that February has 28 days. 90 days 180 days 30 days 90 days 60 days Assume 360-days in a year when computing the interest. Note Due Date Interest Apr. 10 Sept. 15 July 5 Dec. 7 Jan. 19

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