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    Fundamental Accounting Principles Study Set 1
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    Exam 26: Present and Future Values in Accounting
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    Giuliani Co
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Giuliani Co

Question 18

Question 18

Short Answer

Giuliani Co. lends $524,210 to Craig Corporation. The terms of the loan require that Craig make six semiannual period-end payments of $100,000 each. What semiannual interest rate is Craig paying on the loan?

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