Homework Answers
Answer
--No. of months = 28 (9 for 2021, 12 for 2022 and 7 for 2023)
| 2021 | 2022 | 2023 | |
| Amount of interest revenue | $5,168 | $6,890 | $4,019 |
| 53000 x 13% x 9/12 | 53000 x 13% x 12/12 | 53000 x 13% x 7/12 |
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