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On September 1 , Tristar signed a $ 4 8 , 0 0 0 noninterest - bearing note to purchase equipment. The $ 4 8

On September

1,

Tristar signed a $

48, 000

noninterest

-

bearing note to purchase equipment. The $

48, 000

payment is due on September

1, 2025 .

Assume that

9 %

is a reasonable interest rate.

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