The note payable relating to the June 2, and 10 transactions is a five-year note, with interest at the rate of 12 percent annually. Interest expense should be computed based on a 360 day year. Important note: The original note on the computer equipment purchased on June 2 was 108,000. On June 10, eight days later, 20,750 was repaid. Interest expense must be calculated on the 108,000 for eight days. In addition interest expense on the 87,250 balance of the loan (108,000 less 20,750 = 87,250) must be calculated for the 20 days remaining in the month of June.

I also have computed this in many ways, the answers on chegg/formuals aren't giving me the right numbers. I calculates using 108,000 x 8/360 x 12% = 288 then, 87,250 x 20/360 x 12% = 581.67

I then added these and used both 870 and 869.67, none are correct, please help me, I cannot continue and its due ASAP