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The Following Information Was Extracted from the Financial Records of Lewis

Question 47

Multiple Choice

The following information was extracted from the financial records of Lewis Company. The following information was extracted from the financial records of Lewis Company. Based on this information, what is the effective interest rate on the notes payable? A) 8.2% B) 8.8% C) 6.0% D) 2.2% Based on this information, what is the effective interest rate on the notes payable?


A) 8.2%
B) 8.8%
C) 6.0%
D) 2.2%

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