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Analyzing and Computing Accrued Interest on Notes Compute any interest accrued for each of the following notes payable owed by Penman, Inc., as of December
Analyzing and Computing Accrued Interest on Notes Compute any interest accrued for each of the following notes payable owed by Penman, Inc., as of December 31 of the current year (assume a 365-day year).
Round your answers to two decimal places.
Lender | Issuance Date | Principal | Coupon Rate (%) | Term | Accrued Interest | |
---|---|---|---|---|---|---|
Nissim | 11/21 | $18,000 | 10% | 120 days | Answer | |
Klein | 12/13 | 14,000 | 9 | 90 days | Answer | |
Bildersee | 12/19 | 16,000 | 12 | 60 days | Answer |
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