Describe the basic formula for the calculation of interest on a note. Explain each element.

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:32 AM

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Describe the basic formula for the calculation of interest on a note. Explain each element.

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Interest Principal Rate Time Principal is the amount of the note expressed in dollars R...View the full answer

College Accounting

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