A Six-Month Note Receivable for $8,000 at 13%, Dated October

question 76

Multiple Choice

A six-month note receivable for $8,000 at 13%, dated October 1, 2020, has accrued interest revenue of ________ as of December 31, 2020. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

• A) $1,040
• B) $520
• C) $260
• D) $130