On November 30, 2018, Citibank loaned $2,000,000 to Gavin Product, Inc., on a one-year, 6 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. Principal Interest rate Time Amount of interest Now determine interst for the years ended December 31, 2018 and 2019, on the Gavin Product note Interest for 2018 110000 Interest for 2019 10000 1 Requirements 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 2. Which party has: a. a note receivable? b. a note payable? c. interest revenue? d. interest expense? How much in total would Gavin Product, Inc., pay the bank if it pays off the note early on June 30, 2019? 3. Print Done rin the edit fields and then click Check