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Accounting 25th Edition by Carl Warren, James Reeve, Jonathan Duchac
Edition 25ISBN: 978-1285069609Accounting 25th Edition by Carl Warren, James Reeve, Jonathan Duchac
Edition 25ISBN: 978-1285069609 Exercise 8
If a note provides for payment of principal of $85,000 and interest at the rate of 6%, will the interest amount to $5,100 Explain.
Explanation
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Calculate the interest on note:
In th...
Accounting 25th Edition by Carl Warren, James Reeve, Jonathan Duchac
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