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On January 1, Stellar Corporation issues a $120,000, 10-year non-interest-bearing note to Camden Production for new machinery. The market interest rate is 12% and Camden

On January 1, Stellar Corporation issues a $120,000, 10-year non-interest-bearing note to Camden Production for new machinery. The market interest rate is 12% and Camden is to pay $12,000 instalments ...

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