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How was the interest calculated ? 5. The Fredon corporation has recently sold Ron Obvious a note which pays $5000 a year from today. If
How was the interest calculated ? 5. The Fredon corporation has recently sold Ron Obvious a note which pays $5000 a year from today. If Ron paid $4800 for this note, the effective interest rate on this note is whatever this interest rate is in the overall market. a. b. whatever rate is set by the Bank of Canada C. 4.00 %. d. 4.17 % e. 1.04 %
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
