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Metlock, Inc. purchased two trucks by issuing a $96,000, 5-year, zero-interest-bearing note to GEC Funding Inc. The market rate of interest for obligations of this
Metlock, Inc. purchased two trucks by issuing a $96,000, 5-year, zero-interest-bearing note to GEC Funding Inc. The market rate of interest for obligations of this nature is 11%.
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