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On January 1, 2018, Tripical Paradise borrows $30,000 by agreeing to a 5%, four-year note with the bank. The funda will be used to phrchase
On January 1, 2018, Tripical Paradise borrows $30,000 by agreeing to a 5%, four-year note with the bank. The funda will be used to phrchase a new BMW used in promoting resort properties to potential customers. Loan payments of $690.88 are due at the end of each month with the first installment due on January 31, 2018.
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
