Consider the following independent scenarios 1 On 9 1 a company accepts
Consider the following independent scenarios.
1. On 9/1, a company accepts a $10,000, 5%, 8-month note receivable.
2. On 3/1, a company accepts a $20,000, 8%, 6-month note receivable.
3. On 6/15, a company accepts a $15,000, 10%, 4-month note receivable.
Required
Assuming a December 31 year end, calculate current-year interest revenue for each scenario.
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