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Can you please help me it is urgent Q 15.76: On January 1 Willis Inc. issued a $500,000, 3-year instalment note payable. The note will
Can you please help me it is urgent
Q 15.76: On January 1 Willis Inc. issued a $500,000, 3-year instalment note payable. The note will be paid in three annual blended payments of $181,887 each. If the principal balance is reduced to $340,613 after the first year's payment, what was the rate of interest charged on the note? A cannot be determined with the information provided B 3.39% $1.45% D 4.50%
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