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Compute the interest accrued on each of the following notes payable owed by Northland, Inc., on December 31: (Round to nearest whole dollar.) Lender Date
Compute the interest accrued on each of the following notes payable owed by Northland, Inc., on December 31: (Round to nearest whole dollar.)
| Lender | Date of Note | Principal | Interest Rate (%) | Term | Accrued interest payable |
|---|---|---|---|---|---|
| Maple | 11/21 | $18,000 | 10 | 120 days |
|
| Wyman | 12/13 | 14,000 | 9 | 90 days |
|
| Nahn | 12/19 | 16,000 | 12 | 60 days |
|
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Authors: María Bastidas
1st Edition
6205248921, 978-6205248928
