The interest on a $4,000, 10%, 1-year note receivable is
a. $4,000.
b. $400.
c. $4,400.
d. $4,040.
Answer: B
The interest on a $4,000, 10%, 1-year note receivable is
a. $4,000.
b. $400.
c. $4,400.
d. $4,040.
Answer: B
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