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On January 1, 2022 Hideki Matsuyama provides services in exchange for a $10,000 zero-interest bearing note due in 4 years. The effective interest rate for a note of this type is 15 percent. How much revenue does Hideki recognize on January 1, 2022?

Respuesta :

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Answer:

Revenue=$6000

Step-by-step explanation:

A = PRT

100

A= (10,000×4×15)/100

= (10,000×60)/100

= 600,000/100

=$6000

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