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On June 1, 2017, Kevin Co loaned an employee $18,000 for 9 months.The employee signed a note. The annual interest rate on the note will
On June 1, 2017, Kevin Co loaned an employee $18,000 for 9 months.The employee signed a note. The annual interest rate on the note will be 6%. The employee will pay the principal in and interest when it comes due in 2018.
What is the interest revenue Kevin Co will recognize in 2017? $____
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