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A company pays interest expense on outstanding debt on the last day of each month. If the annual interest rate is 12% and outstanding debt
A company pays interest expense on outstanding debt on the last day of each month. If the annual interest rate is 12% and outstanding debt is $150,000, the amount of interest to be paid for the current month is $?
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
