On December 1,2020,Eagle Company sold machinery to a customer for $22,000.The customer could not pay at the time of sale but agreed to pay 6 months later and signed a 6-month note at 12% interest.How much interest revenue was earned for the entire term of the note? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)
A) $1320
B) $1100
C) $220
D) $2640
Correct Answer:
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