Question
LEW Company purchased a machine at a price of $105,000 by signing a note payable, which requires a single payment of $142,851 in 4 years.
LEW Company purchased a machine at a price of $105,000 by signing a note payable, which requires a single payment of $142,851 in 4 years. (Use the table below.) Assuming annual compounding of interest, what rate of interest is being paid on the loan?
Rate of interest %
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Auditing IT Infrastructures For Compliance
Authors: Martin Weiss
1st Edition
0763791814, 978-0763791810
