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For each of the following notes receivable, compute the amount of interest revenue earned during 2020. Use a 365 day your or base your calculations
For each of the following notes receivable, compute the amount of interest revenue earned during 2020. Use a 365 day your or base your calculations on the number of months, depending on how the interest period is stated, and round only your answer to the nearest dollar Principal Interest Rate Interest Period During 2020 Note 1 S 380,000 145 7 months 46.000 9% 75 days Note 3 36.000 12 90 days Note 4 116,000 8% 9 months Note 2 Compute the amount of interest revenue eamed during 2020. (Use a 365-day year or base your calculations on the number of months, depending on how the interest period is stated, and round your final answer to the nearest doll Note 1 Note 2 Note 3 Note 4
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