Answered: What interest will produce a capital of…

What interest will produce a capital of $ 59,000.00 in 1 year 4 months at 21.5% per year? A. $ 14,333.33 B. $ 13,433.33 C. $ 13,580.00 D. $ 14,530.00

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 16MC: If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A....

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What interest will produce a capital of $ 59,000.00 in 1 year 4 months at 21.5% per year?

A. $ 14,333.33

B. $ 13,433.33

C. $ 13,580.00

D. $ 14,530.00

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