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 intermediate calculations. Round "Annual Interest Rate" to 1 decimal place.) Principal Amount Annual on Note Receivable Interest Period Time Interest Earned Rate 120,000| 10.8% | 6 months $ 6,480 % | 9 months | $ 3,888 10.4% | 12 months| $ 4,576 a. 54,000

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