For each of the following notes receivable, compute the amount of interest revenue earned during 2016. Use
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For each of the following notes receivable, compute the amount of interest revenue earned during 2016. Use a 360-day year, and round to the nearest dollar.
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Interest Period During 2016 11 months 75 days 45 days 9 months Principal Interest Rate Note 1 Note 2. Note 3 Note 4 $ 25,000 8% 10,000 125,000 6% 4%
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