Question: Dirk Ward borrowed $ 1 4 , 0 0 0 . 0 0 for investment purposes on May 1 3 on a demand note providing

Dirk Ward borrowed $14,000.00 for investment purposes on May 13 on a demand note providing for a variable interest and payment of any accrued interest on December 31. He paid $700 on June 15,$100 on September 6, $500 on November 13 How much is the accrued interest on December 31 if the rate of interest was 5% on May 5.3% effective August 1, and 5.6% eflective November 1?
The accrued interest on December 31 is $
(Round the final answer to the nearest cent as needed Round all intermediate values to 5x decimal places as needed.)
 Dirk Ward borrowed $14,000.00 for investment purposes on May 13 on

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