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Use the following information to answer the five questions that follow. Below is a pection of the amertization schedule relating te a 3-year note reseivable
Use the following information to answer the five questions that follow. Below is a pection of the amertization schedule relating te a 3-year note reseivable from the Zeroz Company. The document was signed by a slient of the sompany ga lanuacy 1, 2018. The document pays interest annually on December 31. The expication date is December 31, 2020. According to the amortization table presented above, what is the established or contractual interest rate? Select one: a.10\% b. The document does NOT have a stipulated (explicit) interest rate. c. 7% d. 5%
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