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Flint Company purchased a machine at a price of $107,300 by signing a note payable, which requires a single payment of $132,204 in 2 years.
Flint Company purchased a machine at a price of $107,300 by signing a note payable, which requires a single payment of $132,204 in 2 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. 13%.) Rate of interest Entry field with incorrect answer now contains modified data %
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