+ Textbook Ref LO 12.2 Campus Fights takes out a bank loan in the amount of $200,000 on March 1. The annual interest rate on the loan is 7.5%, recognized on December 31. (Round answers to the nearest whole dollar if needed.) Compute the interest recognized as of December 31 in year 1 rounded to the whole dollar. 4. Computations Date of borrowing Date of interest accrual \# of months for which interest is accrued ( T ) 1) Principal (P) 9 Annual Rate of interest (R) 10. Interest for the whole year (P.R) Interest for 10 months (P.R.T)