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How do you calculate interest expense for a bank note on $60,000, 5% interest (paid annually). Interest accruals calculated on 365-days/year with 12/19 as the
How do you calculate interest expense for a bank note on $60,000, 5% interest (paid annually). Interest accruals calculated on 365-days/year with 12/19 as the first day. I'm not looking for the answer, just the calculation.
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