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Question
Determine the due date and amount of interest due at maturity on the following notes:
| Origination | Face | Term | Interest | Maturity | Interest | |
| Date | Amount | of Note | Rate | Date | Amount | |
| a. | Mar. 15 | $8,000 | 60 days | 9% | _______ | _______ |
| b. | May 1 | 12,000 | 90 days | 8% | _______ | _______ |
Answer
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