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Business, 26.07.2020 14:01 naruto63

Algoma Co. borrows $250,000 cash on November 1, 2013, by signing a 120-day, 9% note with a face value of $250,000. 2. & 3. What is the amount of interest expense in 2013 and 2014 from this note? (Use 360 days a year. Do not round intermediate calculations.)

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Algoma Co. borrows $250,000 cash on November 1, 2013, by signing a 120-day, 9% note with a face valu...

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