Question 5 On November 1, 2021, Company ABC provides services and in exchange receives a 6 month note (note receivable) for $10,000 The annual interest rate is 10 Calculate Company ABCs Interest Revenue for the year ended 12 31 2021 Round answer to nearest dollar Compute the notes maturity value on May 1, 2022 Round answer to nearest dollar

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Question #5 On November 1, 2021, Company ABC provides services and in exchange receives a 6-month note (note receivable) for $10,000. The annual interest rate

Question #5

On November 1, 2021, Company ABC provides services and in exchange receives a 6-month note (note receivable) for $10,000. The annual interest rate is 10%.

Calculate Company ABCs Interest Revenue for the year ended 12/31/2021. Round answer to nearest dollar.

Compute the notes maturity value on May 1, 2022. Round answer to nearest dollar.

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