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Computing Accrued Interest Compute the interest accrued on each of the following notes receivable held by Northland, Inc., on December 31: (Round to the nearest
Computing Accrued Interest Compute the interest accrued on each of the following notes receivable held by Northland, Inc., on December 31: (Round to the nearest dollar.)
Maker | Date of Note | Principal | Interest Rate | Term |
---|---|---|---|---|
Maple | November 21 | $20,000 | 10% | 120 days |
Wyman | December 13 | 14,000 | 9% | 90 days |
Nahn | December 24 | 21,000 | 6% | 60 days |
Maple:
Wyman:
Nahn:
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