Accrued Interest Payable

Compute the interest accrued on each of the following notes payable owed by Northland, Inc., on December $31$:

Use $360$ days for calculations and round to the nearest dollar.

Lender Date of Note Principal Interest Rate $(\%)$ Term

Maple November $21$ $$22,00012\%120$ days

Wyman December $1318,00010\%90$ days

Nahn December $1920,00010\%60$ days

Lender Accrued Interest

Maple Answer

Wyman Answer

Nahn Answer