On December 1,2017,Falcon,Inc.sold machinery to a customer for $25,000.The customer could not pay at the time of sale but agreed to pay 11 months later and signed a 11-month note at 8% interest.How much interest revenue was earned for the entire term of the note? (Round your answer to the nearest dollar. )
A) $1,833
B) $1,670
C) $167
D) $2,000
Correct Answer:
Verified
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