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On October 1, 2024, Orange Corporation loans one of its employees $22,000 and accepts a 12-month, 9% note receivable. Calculate the amount of interest revenue

On October 1, 2024, Orange Corporation loans one of its employees $22,000 and accepts a 12-month, 9% note receivable. Calculate the amount of interest revenue Orange will recognize in 2024 and 2025. Interest Year Revenue 2024 2025

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