Chandler Co. has a loan that accrues interest at a rate of $28 a day. The company pays the interest once a quarter. What adjustments would be made at the end of a month in which no payment for interest was made?
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Home » Business » Chandler Co. has a loan that accrues interest at a rate of $28 a day. The company pays the interest once a quarter. What adjustments would be made at the end of a month in which no payment for interest was made?