1 2 3 4 5 6 7 A B D E F G H Interest on Notes Receivable Each row below describes a Note Receivable, but one piece of information is missing from each. Calculate each missing piece Interest is simple (i.e., not compounded each period) Assume a 360 day year Use the spreadsheet functionality to perform your calculations (i.e., don't just enter the answer, but a formula) Principal Annual Interest Rate 9.00% 8.00% Total Interest to be received $270.00 10 11 12 13 $28,000.00 $60,000.00 $120,000.00 Time 60 days 3 years 8 months months $2,500.00 $7,000.00 10.00% 1002 1003