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1. Compute the amount of interest during 2021, 2022, and 2023 for the following note receivable: On May 31, 2021, Richmond Bank loaned $210,000
1. Compute the amount of interest during 2021, 2022, and 2023 for the following note receivable: On May 31, 2021, Richmond Bank loaned $210,000 to Don Dwyer on a two-year, 14% note. 2. Which party has a(n): (a) note receivable? (b) note payable? (c) interest revenue? (d) interest expense? 3. How much in total would Richmond Bank collect if Don Dwyer paid off the note early on November 30, 2021? 1. Compute the amount of interest during 2021, 2022, and 2023 for the following note receivable: On May 31, 2021, Richmond Bank loaned $210,000 to Don Dwyer on a two-year, 14% note. (Round the interest amounts to the nearest whole dollar.) Year Amount of interest 2021 2022 2023
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