Determine the due date and amount of interest due at maturity on the following notes (Assume 360 days in a year):
Definitions:
Average Rate
The mean value of a set of rates or percentages, calculated as the sum of all rates divided by the number of rates.
Above Average Profits
Earnings that surpass the norm or average level within a particular industry or market.
Perfectly Elastic Demand
A market situation where demand for a product can drastically change to infinity with the slightest change in its price.
Inelastic Demand
A situation where the demand for a product does not change significantly with a change in price.
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