On October 1 , 2 0 2 4 , Ogneva Corporation loans one of its employees $ 4 0 , 0 0 0 and accepts a 1 2 month, 9 note receivable Calculate the amount of interest revenue Ogneva will recognize in 2 0 2 4 and 2 0 2 5

Question

On October 1 , 2 0 2 4 , Ogneva Corporation loans one of its employees $ 4 0 , 0 0 0 and accepts a 1 2   month, 9   note receivable  Calculate the amount of interest revenue Ogneva will recognize in 2 0 2 4 and 2 0 2 5

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Question

On October 1 , 2 0 2 4 , Ogneva Corporation loans one of its employees $ 4 0 , 0 0 0 and accepts

On October $1, 2024,$ Ogneva Corporation loans one of its employees $ $40, 000$ and accepts a $12 -$ month, $9 %$ note receivable.

Calculate the amount of interest revenue Ogneva will recognize in $2024$ and $2025 .$

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