A firm receives a six-month note from a customer. The note has a face amount of ($

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A firm receives a six-month note from a customer. The note has a face amount of $\$ 4,000$ and an interest rate of nine percent. What is the total amount of interest to be received?

a. $\$ 1,080$

b. $\$ 30$

c. $\$ 360$

d. $\$ 180$

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Financial Accounting For Undergraduates

ISBN: 9781618533081

4th Edition

Authors: Wallace

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Question Posted: May 17, 2024 09:01 AM

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A firm receives a six-month note from a customer. The note has a face amount of ($

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Financial Accounting For Undergraduates

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