Question: Microsoft Word - Lab 8 Student Assignment On January 1, 2016, Happy Tubs sold a hot tub to Monica, receiving a two-year, noninterest-bearing note in

Microsoft Word - Lab 8 Student Assignment

On January 1, 2016, Happy Tubs sold a hot tub to Monica, receiving a two-year, noninterest-bearing note in exchange for a hot tub that normally sells for $8,000. The note is for an amount that achieves an effective interest rate of 10% per year.

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