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1. Compute the amount of interest during 2018, 2019, and 2020 for the following note receivable On May 31 2018, Utah State Bank loaned 5190,000
1. Compute the amount of interest during 2018, 2019, and 2020 for the following note receivable On May 31 2018, Utah State Bank loaned 5190,000 to Paul Mara on a two-year, 7% note 2. Which party has a(n) (a) note receivable? (b) note payable? (c) interest revenue? (c) interest expense? 3. How much in total would Utah State Bank collectif Paul Mara 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 Utah State Bank loaned $190,000 to Paul Mara on a two-year, 7% note. (Round the interest amounts to the nearest whole dollar Year Amount of interest 2018 2019 2020
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