Question: Given: 5-year, $10,000 8% note received 1/1/01 interest received each 12/31, 10% effective rate. a. Note CV at 12/31/03. ($9,652.88) b. 2002 interest revenue (effective

Given: 5-year, $10,000 8% note received 1/1/01 interest received each 12/31, 10% effective rate.

a. Note CV at 12/31/03. ($9,652.88)

b. 2002 interest revenue (effective method) ($936.60)

c. 2005 interest revenue (S/L method) ($951.63)

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