Question: Correct answer said $5625. May i know how to get that answer? On October 1, 2019, Springfield Company made a loan to one of its
Correct answer said $5625. May i know how to get that answer?
On October 1, 2019, Springfield Company made a loan to one of its customers. The customer signed a 6 - month note for $150,000 at 15%. How much interest revenue did the company record in 2020 for this note? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
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