If a note provides for payment of principal of $90,000 and interest at the rate of 7%,

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If a note provides for payment of principal of $90,000 and interest at the rate of 7%, will the interest amount to $6,300? Explain.

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Dec 10, 2011 09:53 AM

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If a note provides for payment of principal of $90,000 and interest at the rate of 7%,

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Year the interest will amount to at the end of the seven years becaus...View the full answer

Accounting

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