Homework Answers
Interest accrued on Nissim note receivable = Principal amount of note x Coupon rate x Time period
= 20,000 x 11% x 62/365
= $373.70
Interest accrued on Klein note receivable = Principal amount of note x Coupon rate x Time period
= 15,000 x 8% x 30/365
= $98.63
Interest accrued on Bildersee note receivable = Principal amount of note x Coupon rate x Time period
= 17,000 x 10% x 10/365
= $46.58
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