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Analyzing and Computing Accrued Interest on Notes During the current year, Penman Inc. Issued three short-term notes payable with principal and interest due at the end of the term of the note. Compute interest accrued for each of the notes payable as of December 31 of the current year (assume a 365-day year). Lender Issuance Date Principal Interest Rate (9%) Term Nissim.. . 1121 $30,000 10% 120 days Klein . . . . .. 12/13 22 000 90 days Badorsoc. . . 12/19 26,000 60 days