Problem

(L.OBJ. 7) Computing interest amounts on notes receivable [10 min] A table of notes rec...

(L.OBJ. 7) Computing interest amounts on notes receivable [10 min]

A table of notes receivable for 2012 follows:

Requirement

1. For each of the notes receivable, compute the amount of interest revenue earned during 2012. Use a 360-day year, and round to the nearest dollar.

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