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Determine the ordinary and exact simple interests on $13,000 for the period from January 15 to June 20, 1993, if the rate of simple interest is 13%

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable

Section: Chapter Questions

Problem 9RE

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Determine the ordinary and exact simple interests on $13,000 for the period from January 15 to June 20, 1993, if the rate of simple interest is 13%

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