Question: Complete the following table by computing the missing amounts for the following independent cases. Principal Amount on Note Receivable Annual Interest Rate Time Period Interest

Complete the following table by computing the missing amounts for the following independent cases.

Principal Amount on Note Receivable Annual Interest Rate Time Period Interest Earned
a. $50,000 12 % 6 months
b. $40,000 % 9 months $3,600
c. 9 % 12 months $2,700

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