Determine the due date and amount of interest due at maturity on the following notes (Assume 360 days in a year):
$\begin{array}{|l|l|l|l|l|l|}
\hline\text { Interest } & \text { Maturity } & \text { Interest } & \text { Term } & \text { Face } & \text { Prigination Date } \
\text { Aumount } & \text { Rate } & \text { Rate } & \text { of Note } & \text { Amount } & \
\hline & & 9 \% & 60 \text { clays } & \$ 5,000 & \text { (a) March 1 } \\hline &&8 \% & 120 \text { days } & \$ 9,000 & \text { (b) May } 15 \
\hline
\end{array}$

Question

Determine the due date and amount of interest due at maturity on the following notes (Assume 360 days in a year):
 $\begin{array}{|l|l|l|l|l|l|}
\hline\text { Interest } & \text { Maturity } & \text { Interest } & \text { Term } & \text { Face } & \text { Prigination Date } \
\text { Aumount } & \text { Rate } & \text { Rate } & \text { of Note } & \text { Amount } & \
\hline & & 9 \% & 60 \text { clays } & \$ 5,000 & \text { (a) March 1 } \\hline &&8 \% & 120 \text { days } & \$ 9,000 & \text { (b) May } 15 \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Determine the due date and amount of interest due at maturity on the following notes (Assume 360 days in a year):
 $\begin{array}{|l|l|l|l|l|l|}
\hline\text { Interest } & \text { Maturity } & \text { Interest } & \text { Term } & \text { Face } & \text { Prigination Date } \
\text { Aumount } & \text { Rate } & \text { Rate } & \text { of Note } & \text { Amount } & \
\hline & & 9 \% & 60 \text { clays } & \$ 5,000 & \text { (a) March 1 } \\hline &&8 \% & 120 \text { days } & \$ 9,000 & \text { (b) May } 15 \
\hline
\end{array}$

Determine the Due Date and Amount of Interest Due at Maturity