Do not answer in image format Answer completely. Determine Due Date and Interest on NotesDetermine the due date and the amount of interest due at maturity on the following notes:Date of NoteFace AmountInterest RateTerm of Notea. January 5$90,000b. February 1521,000C.May 1968,000d. August 2034,400e. October 1950,000Assume a leap year in which February has 29 days.Assume 360 days in a year when computing the interest.NoteInterest(a)(b)(c)(d)Due DateMay 4Mar. 16July 3Nov. 18Jan. 17Feedback-V✓✓✓-V6%4857120 days30 days45 days90 days90 daysCheck My WorkThe due date is the date the note is to be paid.Remember the interest rate is stated on an annual basis, while the term is expressed as days. Assume a 360-day year.

The promissory notes can be defined as a legal lending document that consists of the promise made by…

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 5 $90,000 b. February 15 21,000 C. May 19 68,000 d. August 20 34,400 e. October 19 50,000 Assume a leap year in which February has 29 days. 6% 4 455. 8 7 120 days 30 days 45 days 90 days 90 days