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Swifty Company purchased a machine at a price of $103,200 by signing a note payable, which requires a single payment of $130,002 in 3
Swifty Company purchased a machine at a price of $103,200 by signing a note payable, which requires a single payment of $130,002 in 3 years. Click here to view factor tables. Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round factor values to 5 decimal places, es 1.25124 and final answer to O decimal places, e.g. 13%) Rate of interest 9
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
