Question
On September 15, Year 4, Wright borrowed $32,000 from First National Bank by signing a two-year, 6% note. Interest is due to be paid at
On September 15, Year 4, Wright borrowed $32,000 from First National Bank by signing a two-year, 6% note. Interest is due to be paid at the end of each year (on September 15, Year 5 and September 15, Year 6). 
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
