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You received a 4-month, 6%, $10,000 note on 10/1/2015. Your accounting period starts at 1/1 and ends at 12/31. How much interest revenue did you
You received a 4-month, 6%, $10,000 note on 10/1/2015. Your accounting period starts at
1/1 and ends at 12/31. How much interest revenue did you earn during 2015 on this note? (Please provide and explnantion of the answer)
a. $150
b. $50
c. $200
d. $600
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