Analyzing and Computing Accrued Interest on Notes Compute any interest accrued f
ID: 2452133 • Letter: A
Question
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, 2013 (use a 365-day year):
(Round your answer to two decimal places.)
Lender
Issuance Date
Principal
Interest Rate (%)
Term
Nissim
11/21/2013
$18,000
12 %
120 days
Klein
12/13/2013
11,000
10 %
90 days
Bildersee
12/19/2013
15,000
8 %
60 days
Lender
Issuance Date
Principal
Interest Rate (%)
Term
Nissim
11/21/2013
$18,000
12 %
120 days
Klein
12/13/2013
11,000
10 %
90 days
Bildersee
12/19/2013
15,000
8 %
60 days
Explanation / Answer
Analyzing and Computing Accrued Interest on Notes Compute any interest accrued f
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