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On September 30, 2018, Citibank loaned $900,000 to Griffin Auto Repair, Inc., on a one-year, 9 percent note. Read the requirements 2019. Round Requirement 1

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On September 30, 2018, Citibank loaned $900,000 to Griffin Auto Repair, Inc., on a one-year, 9 percent note. Read the requirements 2019. Round Requirement 1 interest calculatic iRequirements Start by determir terest 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. Now determine i Which party has: 2. nterest for 2018 a. a note receivable? b. a note payable? nterest for 2019 c. interest revenue? Requirement 2. d. interest expense? How much in total would Griffin Auto Repair, Inc., pay the bank if it pays off the note early on April 30, 2019? 3. a. a note recei o. a note paya . interest reve Print Done .interest expl 0ose from any list or enter any number in the input fields and then continue to the next question. On September 30, 2018, Citibank loaned $900,000 to Griffin Auto Repair, 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 X Now determine interest for the years ended December 31, 2018 and 2019, on the Griffin Auto Repair note. Interest for 2018: Interest for 2019: Requirement 2. Which party has a. a note receivable: a note payable: b. c. interest revenue: . interest expense: April 30, 2019 Requirement 3. How much in total would GriffinAuto Repair, Inc., pay the bank if it pays off the note early on hoose from any list or enter any number in the input fields and then continue to the next question. On September 30, 2018, Citibank loaned $900,000 to Griffin Auto Repair, Inc., on a one-year, 9 percent note. Read the requirements Start by determining the formula needed to compute interest. Amount of interest x Now determine interest for the years ended December 31, 2018 and 2019, on the Griffin Auto Repair note. Interest for 2018 Interest for 2019 Requirement 2. Which party has a. a note receivable: b. a note payable: c. interest revenue: d. interest expense: Requirement 3. How much in total would GriffinAuto Repair, Inc., pay the bank if it pays off the note early on April 30, 2019? Total amount paid would be Choose from any list or enter any number in the input fields and then continue to the next

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