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 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 on Note Receivable	Annual Interest Rate		Time Period	Interest Earned
a.	$70,000	11.2	%	6 months
b.	$44,000		%	9 months	$3,432
c.		9.4	%	12 months	$3,196

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