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A company issued a $ 2 0 , 0 0 0 note receivable with a maturity date of 9 months and an annual interest rate

A company issued a $20,000 note receivable with a maturity date of 9 months and an annual interest rate of 8%. How much interest revenue will the company recognize after 6 months?
A company issued a $20,000 note receivable with a maturity date of 9 months and an annual interest rate of 8%. How much interest revenue will the company recognize after 6 months?
$800
$1,400
$1,000
$1,600
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