Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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A promissory note states the
following:
•
Principal: $4,500
Term: 120 days
Interest: $180
Determine the interest rate.
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Transcribed Image Text:A promissory note states the following: • Principal: $4,500 Term: 120 days Interest: $180 Determine the interest rate.
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