Calculate the due date, interest due, and maturity value of the following notes:                                         Date of Note Face Amount Interest Rate Term of Note Due Date Interest Due Maturity Value   a. 24-Apr $70,000 3% 60 days         b. 13-Jul 30,000 5% 120 days         c. 9-Aug 40,000 4% 45 days         d. 12-Sep 60,000 8% 90 days         e. 5-Nov 50,000 6% 30 days

Accrued Interest PayableCompute the interest accrued on each of the following notes payable owed by Northland, Inc., on December 31:Use 360 days for calculations and round the nearest dollar.   Lender Date of Note Principal Interest Rate (%) Term Maple 11/21 $18,000 10   120 days Wyman 12/13 5,000 8   90 days Nahn 12/10 16,000 12   60 days   Lender Accrued Interest Maple Answer Wyman Answer Nahn Answer

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 6 b. March 23 40,000 9,000 9% 45 days 10 60 days c. May 30 12,000 12 90 days d. August 30 18,000 10 120 days e. October 1 10,500 8 60 days Due Date Interest a. Feb. 20 b. May 22 c. Aug. 28 d. Dec. 28 e. Nov. 30

The following interest-bearing promissory note was discounted at a bank by the payee before maturity. Use the ordinary interest method, 360 days, to calculate the missing information. (Round dollars to the nearest cent.) FaceValue InterestRate (%) Date ofNote Term ofNote (days) MaturityDate MaturityValue(in $) $1,210 7.1 Sept. 15 130  ---Select--- January February March April May June July August September October November December    $     Date ofDiscount DiscountPeriod (days) DiscountRate (%) Proceeds(in $) Dec. 8   11.9