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Question
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. | October 1 | $21,000 | 8% | 60 days |
| b. | August 30 | 9,000 | 10 | 120 days |
| c. | May 30 | 12,000 | 12 | 90 days |
| d. | March 6 | 15,000 | 9 | 60 days |
| e. | May 23 | 9,000 | 10 | 60 days |
Answer
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