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
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, 2015 (use a 365-day year):
| Lender | Issuance Date | Principal | Interest Rate (%) | Term |
|---|---|---|---|---|
| Nissim | 11/21/2015 | $24,000 | 12% | 120 days |
| Klein | 12/13/2015 | 20,000 | 9% | 90 days |
| Bildersee | 12/19/2015 | 22,000 | 10% | 60 days |
Round your answer to two decimal places.
| Nissim | Answer |
| Klein | Answer |
| Bildersee | Answer |
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