On January 1 , 2 0 2 0 , Bank X makes a loan of $ 1

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Question:

On January

1, 2020,

Bank X makes a loan of $

10, 000

on a

1

year note at an interest rate of

10 %

to a client. How much interest revenue is recognizable in total at the end of September

30, 2020 ? (

round your answer to one decimal place if necessary

)

Related Book For answer-question

Precalculus Concepts Through Functions A Unit Circle Approach To Trigonometry

ISBN: 9780137945139

5th Edition

Authors: Michael Sullivan

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Posted Date: Apr 23, 2024 03:12 AM

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On January 1 , 2 0 2 0 , Bank X makes a loan of $ 1

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To calculate the interest revenue that Bank X can recognize by the end of September 30 2020 on a ... View the full answer

Precalculus Concepts Through Functions A Unit Circle Approach To Trigonometry

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