6. On 1/1/2018, Jambo Group makes a loan to Marie Co. and receives in exchange a five-year, $50,000 note bearing interest at 6 percent annually (on 31/12 of every year). The market rate of interest...

Extracted text: 6. On 1/1/2018, Jambo Group makes a loan to Marie Co. and receives in exchange a five-year, $50,000 note bearing interest at 6 percent annually (on 31/12 of every year). The market rate of interest for a note of similar risk is 12 percent. Calculate the amount of Interest revenue that will be recognized on 31/12/2018.