Analyzing and Computing Accrued Interest on Notes Compute any interest accrued for each of the following...
Analyzing and Computing Accrued Interest on Notes Compute any interest accrued for each of the following notes payable owed by Penman, Inc., as of December 31, 2017 (assume a 365-day year). Round answers to two decimal places. Lender Issuance Date Principal Coupon Rate (%) Term Accrued Interest Nissim 11/21/2017 $30,000 10% 120 days Answer Klein 12/13/2017 22,000 8 90 days Answer Bildersee 12/19/2017 26,000 6 60 days Answer.
Homework Answers
Answer:
We have to determine the Lender Accrued interest,
| Lender | Issuance date | Principal | Coupon rate(%) | Term | Calculations | Accrued interest |
| Nissim | 11/12/2017 | $30,000 | 10% | 120 days | 30000*10%*40/365 | $328.77 |
| Klein | 12/13/2017 | $22,000 | 8% | 90 days | 22000*8%*18/365 | $86.79 |
| Bildersee | 12/19/2017 | $26,000 | 6% | 60 days | 26000*6%*12/365 | $51.29 |
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Analyzing and Computing Accrued Interest on Notes Compute any
interest accrued for each of the following...
Question text Analyzing and Computing Accrued Interest on Notes Compute any interest accrued for each of...
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