Is a friend who borrows money from you for three years and agrees to pay you interest

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Is a friend who borrows money from you for three years and agrees to pay you interest after each year paying you simple or compound interest?

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Question Posted: Mar 26, 2014 08:58 AM

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Is a friend who borrows money from you for three years and agrees to pay you interest

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Because your friend is paying interest only on the loan not on the pa...View the full answer

Principles of Accounting

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