Complete the following table by filling in missing amounts. (Use 360 days a year.) Principal of Note Annual Interest Rate 27,200 7% 32,000 % 3% $ $ Time Period 90 days 180 days 270 days $ $ Interest 1,440 450

Complete the following table by filling in missing amounts. (Use 360 days a year.) Principal of Note Annual Interest Rate 27,200 7% 32,000 % 3% $ $ Time Period 90 days 180 days 270 days $ $ Interest 1,440 450

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 2CE

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Question

Complete the following table by filling in missing amounts. (Use 360 days a year.)
Principal of Note Annual Interest Rate
27,200
7%
32,000
%
3%
$
$
Time Period
90 days
180 days
270 days
$
$
Interest
1,440
450

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