13) If a six month promissory note of $5,000 has an annual interest rate of 6%, how much interest is owed at the end of three months? a) $25 b) $50 c) $60 d) $75 14) Using the following facts, what is the average collection period? I Net credit sales for 2022: $20,000 Accounts receivable on 12/31/21: $ 5,000 Accounts receivable on 12/31/22: $ 3,000 a) 30 days b) 40 days c) 50 days d) 73 days