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On October 1, 2019, Westfield, Inc. sold machinery to a customer for $ 22 comma 000 . The customer could not pay at the time
On October 1, 2019, Westfield, Inc. sold machinery to a customer for
$ 22 comma 000
.
The customer could not pay at the time of sale, but agreed to pay
10
months later, and signed a
10
minus
month
note at
11
%
interest. How much interest revenue was earned during 2019? Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.
A.
$ 635
B.
$ 2 comma 017
C.
$ 4 comma 235
D.
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