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Save Homework: Chapter 5 Short Exercises Score: 0 of 10 pts 9 of 10 (9 complete) HW Score: 89.38%, 89.38 of 100 pt S5-9 (similar
Save Homework: Chapter 5 Short Exercises Score: 0 of 10 pts 9 of 10 (9 complete) HW Score: 89.38%, 89.38 of 100 pt S5-9 (similar to) 8 Question Help 1. Compute the amount of interest during 2018, 2019, and 2020 for the following note receivable: On May 31, 2018, Wisconsin State Bank loaned $220,000 to John Jones on a two-year, 13% note. Which party has a(n): (a) note receivable? (b) note payable? (c) interest revenue? (d) interest expense? 3. How much in total would Wisconsin State Bank collect if John Jones paid off the note early on November 30, 2018? 1. Compute the amount of interest during 2018, 2019, and 2020 for the following note receivable: On May 31, 2018, Wisconsin State Bank loaned $220,000 to John Jones on a two-year, 13% note. (Round the interest amounts to the nearest whole dollar.) Year Amount of interest 16683 2018 2019 2020 Enter any number in the edit fields and then click Check
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