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7900x 11% x 7/12= 506.9166666 =506.92 can you double check this On June 1, 2018, Bodie Co. accepted a $7,900 face value note as evidence

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7900x 11% x 7/12= 506.9166666
=506.92
can you double check this
On June 1, 2018, Bodie Co. accepted a $7,900 face value note as evidence of a loan it made to T Company. The note had a 11 percent interest rate and a one-year term. What is the interest revenue recognized by Bodie in 2019

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