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Home Q & A Board Other Fields Homework Help Business Accounting
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LiChan LiChan
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7 years ago
On January 1, 2006, Robert's Boat Service borrowed $150,000 from National City Bank for five years.

REQUIRED:
1.)   Assuming 6% simple interest is charged, calculate interest for 2006, 2007 and 2008
2.)   Assuming 6% compound interest is charged, calculate interest for 2006, 2007 and 2008.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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mourningbirdmourningbird
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7 years ago
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LiChan Author
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#2
7 years ago
How do you know this stuff so well, wish I was as smart
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#3
7 years ago
Happy to help, please mark as solved
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