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1. Compute the amount of interent during 2021, 2002, and 2023 for the following noin receivable: On May 11, 2021. Vermont State Bank loanned $250,000

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1. Compute the amount of interent during 2021, 2002, and 2023 for the following noin receivable: On May 11, 2021. Vermont State Bank loanned $250,000 to Alan Maine on a two-year, 7% note 2. Which party has a(n): (a) note receiveblo 7 (b) note payable? (c) interest revenue? (d) interest expense? 3. How much in total would Vermont State Bank collectif Non Maine paid off the note ourly on November 30, 2021? 1. Compute the amount of interest during 2021 2022 and 2023 for the following not receivable On May 31, 2021, Vermont State Bank loaned $250,000 to Alan Maine on a two-year, 7% noto. (Round the internat amounts to the nearest whole dollar) Year Amount of interest 2021 2022 2023

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