Dirk Ward borrowed $13,00000 for investment purposes on May 16 on a demand note proving...

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Accounting

Dirk Ward borrowed $13,00000 for investment purposes on May 16 on a demand note proving for a variable rate of interest and payment of any accrued interest on December 31. He paid $1000 on June 10,$200 on September 21. and $800 on Nowember 16. How much is the accrued interest on December 31 if the rate of interest was 7% on May 16,75% effective August 1, and 78% effective November 1?
The accrued interest on December 31 is 4
(Round the final answer to the nearest cent as needed. Round all intermediate values to sx decimal places as neoded)
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