On September 1 , 2 0 2 1 , Rogan's Apparel issued a $ 1 0 2

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Question:

On September

1, 2021,

Rogan's Apparel issued a $

102, 000, 6 -

month, noninterest

-

bearing note. The loan was made by Kohler Credit Union where the stated discount rate is

10 % .

what is Rogan's effective interest rate on this loan

(

rounded

)

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Apr 06, 2024 10:57 AM

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On September 1 , 2 0 2 1 , Rogan's Apparel issued a $ 1 0 2

Question:

Expert Answer:

Answer Effective Interest Rate on NonInterest Bearing Note While the note doesnt explicitly state an ... View the full answer

Income Tax Fundamentals 2013

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