Assume that on July 1, 2014, Big Corp. loaned little Corp. $12,000 for a period of one year…

Assume that on July 1, 2014, Big Corp. loaned little Corp. $12,000 for a period of one year…

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Assume that on July 1, 2014, Big Corp. loaned little Corp. $12,000 for a period of one year at 6 percent interest. What amount of interest revenue will big report for 2014? What amount of cash will big receive upon maturity of the note?View Solution:
Assume that on July 1 2014 Big Corp loaned little

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