Question
Sheffield Corp.has a30-day note that carries an annual interest rate of9%. If the amount of the total interest on the note is equal to $780,
Sheffield Corp.has a30-day note that carries an annual interest rate of9%. If the amount of the total interest on the note is equal to $780, then what is the principal of the note?(Use 360 days for calculation.)
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Integrated Accounting For Windows
Authors: Dale A. Klooster, Warren Allen
5th Edition
0324312490, 9780324312492
