Question: A 6-month note is dated January 1,2028. The formula is (principal annual rate a fraction) to accrue interest expense on the note at maturity. The

A 6-month note is dated January 1,2028. The formula is (principal annual rate a fraction) to accrue interest expense on the note at maturity. The numerator and denominator of the fraction to compute interest are: Numerator Denominator Length of time until the note matures Total term of the note Total length of the note 12 months Length of time the note has been outstanding Total term of the note Length of time the note has been outstanding 12 months

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