Question: Given: 3 year, $5,000, non interest note received 1/1/01. 10% effective rate. A. Note CV at 12/31/02 ($4,545.49) B. 2002 interest revenue ($413.23) C. Total

Given: 3 year, $5,000, non interest note received 1/1/01. 10% effective rate. A. Note CV at 12/31/02 ($4,545.49) B. 2002 interest revenue ($413.23) C. Total interest revenue for 3 years. ($1,243.40)

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