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Question 8 (1 point) On March 1, Year 1, our company loaned $30,000 at 4% interest for one year. How much interest revenue would we

Question 8 (1 point) On March 1, Year 1, our company loaned $30,000 at 4% interest for one year. How much interest revenue would we recognize in Year 1? $1,200 $1,000 $200 Zero, because the interest will be paid to our company in Year 2

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