Business, 16.11.2019 01:31 jawontestephens

Frankenstein enterprises received two notes from customers for sales that frankenstein made in 2021. the notes included:

note a: dated 5/31/2021, principal of $128,000 and interest due 3/31/2022.

note b: dated 7/1/2021, principal of $215,000 and interest at 9% annually, due on 4/1/2022.

frankenstein had accrued a total of $15,600 interest receivable from these notes in its 12/31/2021 balance sheet.

the annual interest rate on note a is closest to:

a) 8.54%

b) 7.94%

c) 9.00%

d) 8.24%

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Frankenstein enterprises received two notes from customers for sales that frankenstein made in 2021....

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