Calculate the number of days, amount of accrued interest

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Reference no: EM133378591

ABC Bike Company
Schedule of Debt
As of December 31, 2022

Maker Date of Note Principal Interest Rate Term (in days) Days Accrued Interest as of 12/31/22
Vikings 9/15/2022 $ 75,000 10.00% 180
Bears 11/5/2022 $ 40,000 8.00% 180
Packers 12/1/2022 $ 8,000 4.00% 180
Lions 10/22/2022 $ 15,000 7.00% 180

Payment of principal and interest is due at maturity. No payments or accruals have been made during 2022.

Interest begins the day after the date of the note. Use 360 days.

Question: Calculate the number of days, amount of accrued interest by Note and Total Accrued Interest as of 12/31/22

Reference no: EM133378591

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