On January 1, 2023, the Pareto Company borrowed $80,000 in exchange for an interest-bearing note. The note
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On January 1, 2023, the Pareto Company borrowed $80,000 in exchange for an interest-bearing note. The note plus interest compounded at an annual rate of 8% is due on December 31, 2025. Calculate the amount that Pareto will pay on the due date.
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Amount due on December 31 2025 Beginning balance Int...View the full answer
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