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Exercise 6-9 Bridgeport Company purchased a machine at a price of $98,000 by signing a note payable, which requires a single payment of $126,913 in
Exercise 6-9 Bridgeport Company purchased a machine at a price of $98,000 by signing a note payable, which requires a single payment of $126,913 in 3 years. Click here to view factor tables Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round answer to 0 decimal places, e.g. 1390.) Rate of interest Click if you would like to Show Work for this question: Open Show Work
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