Multiple Choice
On December 1, 2015, Parsons Inc. sold machinery to a customer for $20,000. The customer could not pay at the time of sale, but agreed to pay 9 months later, and signed a 9-month note at 9% interest. How much interest revenue was earned for the entire term of the note?
A) $1,350
B) $1,200
C) $150
D) $1,800
Correct Answer:
Verified
Correct Answer:
Verified
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