Question: Accrue interest on the $30,000 note from August 1. This note is a $30,000 with an APR of 6%, so you will need to accrue

Accrue interest on the $30,000 note from August 1. This note is a $30,000 with an APR of 6%, so you will need to accrue one month's worth of interest or .5% of the principal amount each month (round to the nearest dollar). You will not need to accrue interest on the installment note mentioned in transaction Q since the last payment was made on August 30

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