On april 1 2015 a company loans one of its suppliers 53000, Ask an Expert

Economics

On April 1, 2015, a company loans one of its suppliers $53,000 and accepts a 30-month, 12% note receivable. Calculate the amount of interest revenue the company will recognize in 2015, 2016, and 2017. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)

Amount of Interest Revenue in 2015: $4,770

Amount of Interest Revenue in 2016: $6360

Amount of Interest Revenue in 2017: _____?____

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91723507

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