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Home Q & A Board Other Fields Homework Help Business Accounting
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eberk12 eberk12
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6 years ago
The Hudson Company borrowed $150,000 to purchase machinery and agreed to pay 6% interest for six years on an installment note. Each note payment is $30,504.  How much interest is Hudson paying over the life of the loan? (Do not round intermediary calculations. Only round your final answer to the nearest dollar.)
A) $45,000
B) $33,024
C) $15,252
D) $54,000
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Intermediate Accounting

Intermediate Accounting


Edition: 1st
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jimjones445jimjones445
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eberk12 Author
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6 years ago
Upwards Arrow Correct again
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