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The interest charged on a $420000 note payable, at the rate of 6%, on a 60-day note would be

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 25E

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The interest charged on a $420000 note payable, at the rate of 6%, on a 60-day note would be

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