On December 1,2014,Parsons Sales sold machinery to a customer for $2,000.The customer could not pay at the time of sale,but agreed to pay 9 months later,and signed a 9-month note at 12% interest.How much interest revenue was earned for the entire term of the note?
A) $180
B) $75
C) $160
D) $90
Correct Answer:
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