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1. Compute the amount of interest during 2018, 2019, and 2020 for the following note receivable. On May 31, 2018, Texas State Bank loaned $170,000

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1. Compute the amount of interest during 2018, 2019, and 2020 for the following note receivable. On May 31, 2018, Texas State Bank loaned $170,000 to Gary Dawson on a two-year, 12% note 2. Which party has a[n): (a) note receivable? (b) note payable? (c) interest revenue? (C) Interest expenso? 3. How much in total would Texas State Bank collect if Gary Dawson paid off the note early on November 30, 2018? 1. Compute the amount of interest during 2018, 2019, and 2020 for the following note receivable: On May 31, 2018, Texas State Bank loaned $170,000 to Gary Dawson on a two-year, 12% note. (Round the interest amounts to the nearest whole dollar) Amount of interest 2018 Year 2019 2020

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