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Compute any interest accrued for each of the following notes payable owed by Penman, Inc., as of December 31, 2015 (use a 365-day year): Lender
Compute any interest accrued for each of the following notes payable owed by Penman, Inc., as of December 31, 2015 (use a 365-day year):
Lender | Issuance Date | Principal | Interest Rate (%) | Term |
---|---|---|---|---|
Nissim | 11/21/2015 | $20,000 | 12% | 120 days |
Klein | 12/13/2015 | 16,000 | 9% | 90 days |
Bildersee | 12/19/2015 | 18,000 | 10% | 60 days |
Round your answer to two decimal places.
Nissim | Answer |
Klein | Answer |
Bildersee | Answer |
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