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content area top Part 1 Trader Trust accepts a $ 400 comma 000 nonminusinterest bearing 20minusyear note from Coffee Co. in exchange for Cash on
content area top Part 1 Trader Trust accepts a $ 400 comma 000 nonminusinterest bearing 20minusyear note from Coffee Co. in exchange for Cash on 1/1/2023. Coffee Co. promises to repay $ 400 comma 000 at maturity. The market rate on 1/1/2023 was 4%. How much Interest Revenue will Trader Trust record on this note in 2023
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