Question: please explain this question as well . thanks Problem #1 : Nov. 1 11 Dec. 16 21 31 31 Received a $ 2,000, 12%, 60-day

please explain this question as well . thanks

please explain this question as well . thanks Problem #1 : Nov.

Problem #1 : Nov. 1 11 Dec. 16 21 31 31 Received a $ 2,000, 12%, 60-day note for a sale. Received a $ 9,000, 14%, 90-day note on account. Received a $12,000, l 1%, 60-day note for cash lent to a friend. Received a $ 3,000, 12%, 30-day note on account. Received the maturity value of the Nov. 1. Accrue interest on the remaining 3 notes: $ 9,000 at 14% $12,000 at 1 1% $ 3,000 at 12% Jan. Feb. 20 9 14 Received the maturity value of the Dec. 21 note. Received the maturity value of the Nov. 11 note. Received the maturity value of the Dec. 16

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