On June 30, 2018, Oak Bank loaned $1,250,000 to Greg Construction, Inc., on a one-year, 9 percent note. Read the requirements. Requirement 1. Compute the interest on the note for the years ended December 31, 2018, and December 31 2019. Round interest calculations to the nearest dollar. Start by determining the formula needed to compute interest. Amount of interest Requirements Compute the interest on the note for the years ended December 31, 2018, and December 31 2019. Round interest calculations to the nearest dollar. Which party has a. a note receivable? b. a note payable? c. interest revenue? d. interest expense? How much in total would Greg Construction, Inc., pay the bank if it pays off the note early on January 31, 2019? 1. 2. 3. Choose from any drop-down list and then click Check Answer. Print Done