On October 1, 2017, Miller, Inc. made a loan to one of its customers. The customer signed a 4-month note for $130,000 at 12%. How much interest revenue did the company record in 2018 for this note? (Round your answer to the nearest dollar.)
A) $2,600
B) $3,900
C) $1,300
D) $5,200
C .($130,000 x 12%) x 1/12 = $1,300
Business
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