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 $ for investment purposes on May on a demand note providing for a variable interest and payment of any accrued interest on December He paid $ on June $ on September $ on November How much is the accrued interest on December if the rate of interest was on May effective August and eflective November
The accrued interest on December is $
Round the final answer to the nearest cent as needed Round all intermediate values to decimal places as needed.
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