is the annual rate of interest being charged on a 9-month note receivable of $54,000 if the Multiple Choice O 4% 3%
is the annual rate of interest being charged on a 9-month note receivable of $54,000 if the Multiple Choice O 4% 3%
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
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![What is the annual rate of interest being charged on a 9-month note receivable of $54,000 if the total interest is $1,620?
Multiple Choice
O
4%
3%
6%
7%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa19806b8-d3b5-4ff0-94b7-24a78504135c%2Ffaf864b0-5447-406d-922f-7f47ff78fcd8%2Fbam4ta6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the annual rate of interest being charged on a 9-month note receivable of $54,000 if the total interest is $1,620?
Multiple Choice
O
4%
3%
6%
7%
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