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ABC acquires equipment by issuing a $5000 note payable, terms: 15%, compounded annually, due in 3 years. The market rate of interest is 10% for

ABC acquires equipment by issuing a $5000 note payable, terms: 15%, compounded annually, due in 3 years. The market rate of interest is 10% for similar (equivalent risk) notes. Record the acquisition ...

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