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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, 2012 (assume a 365-day year). (Round your answers to two decimal places.)

Lender Issuance Date Principal Coupon Rate (%) Term
Nissim 11/21/2012 $18,000 8% 120 days
Klein 12/13/2012 11,000 7 90 days
Bildersee 12/19/2012 16,000 10 60 days

$Answer(Nissim) $Answer(Klein) $Answer(Bildersee)

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