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On July 1, 2015, a company loans one of its employees $28,000 and accepts a ten-month, 6% note receivable. Calculate the amount of interest revenue

On July 1, 2015, a company loans one of its employees $28,000 and accepts a ten-month, 6% note receivable. Calculate the amount of interest revenue the company will recognize in 2015 and 2016.

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