Question: M8-10 Using the Interest Formula to Compute Interest [LO 8-3] Complete the following table by computing the missing amounts for the following independent cases. (Do

M8-10 Using the Interest Formula to Compute Interest [LO 8-3] Complete

M8-10 Using the Interest Formula to Compute Interest [LO 8-3] Complete the following table by computing the missing amounts for the following independent cases. (Do not round intermediete calculetions. Round "Annual Interest Rete" to 1 decimal place.) Principal Amount Annual Interest Time Period arned Interest on Note Receivable Rate a. S 120,000| 54,000 10.8% 6 months 9 months 3,888 12 months $4,576 C. 10.41%

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