M8-10 (Algo) Using the Interest Formula to Compute Interest [LO 8-3] Required: Complete the following...
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M8-10 (Algo) Using the Interest Formula to Compute Interest [LO 8-3] Required: 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 Notes Receivable Annual Interest Rate Time Period Interest Earned a. b. $ $ 75,000 45,000 11.0 % % 9.5% 6 months 9 months 12 months $ 3,375 $ 3,325 c
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