Calculate total interest for each note and allocate the interest between the 2 time periods (date borrowed to Dec. 3) and Jan. I to maturity). Time Period Total Interest Interest through December 31 Interest from Jan 1 to Maturity Date Amount Interest Borrowed Amount Rate 3/1/2020 $60,000 8% 12 months 6/1/2020 $70,000 6% 6 months 9/1/2020 536,000 7 12 months 11/1/2020 $60,000 54 9 months