A long-term note for $60,000 was taken out from the bank. The loan is for two years

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A long-term note for $60,000 was taken out from the bank. The loan is for two years with an interest rate of 6% repayable at maturity.

June 30: Book the interest for the first half of the year on the loan you took out on March 6.

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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Posted Date: Jan 25, 2024 05:32 AM

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A long-term note for $60,000 was taken out from the bank. The loan is for two years

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