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Calculate Interest on Promissory Note Receivable Dallas Company receives a six-month note from a customer. The note has a face amount of $8,000 and an

Calculate Interest on Promissory Note Receivable

Dallas Company receives a six-month note from a customer. The note has a face amount of $8,000 and an interest rate of nine percent. What is the total amount of interest income to be received?

a. $720

b. $540

c. $360

d. $180

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