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M8-10 (Algo) Using the Interest Formula to Compute Interest [LO 8-3] Required: Complete the following table by computing the missing amounts for the following
M8-10 (Algo) Using the Interest Formula to Compute Interest [LO 8-3] Required: Complete the following table by computing the missing amounts for the following independent cases. (Do not round intermediate calculations. Round "Annual Interest Rate" to 1 decimal place.) on Notes Receivable Principal Amount Annual Interest Interest Time Period Rate Earned a. $ 95,000 10.2 % 6 months b. $ 49,000 % 9 months $ 3,087 a 9.9 % 12 months $ 3,861 ces
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