Saturday, 15 March 2014

Complete the following table by computing the missing amounts for the following independent. (Round your answers to 2 decimal places. Omit the "$" and "%" signs in your response.)

Complete the following table by computing the missing amounts for the following independent. (Round your answers to 2 decimal places. Omit the "$" and "%" signs in your response.)

  Principal Amount on
Note Receivable
Annual Interest Rate Time Period Interest Earned
 a. $ 112,000   10 %       9 months           $   
 b. $   8 %       8 months           $ 4,900   
 c. $ 52,000   %       7 months           $ 2,300   

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