BRIEF EXERCISE 10-3 - B R I E F EXERC ISE 10-3 P r incipal...

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Unformatted text preview: B R I E F EXERC ISE 10-3 P r incipal I n terest 13%, 5-year note $2,000,000 $260,000 15%, 4-year note 3,500,000 525,000 $5,500,000 $785,000 $785,000 Weighted-average interest rate = $5,500,000 = 14.27% ...
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This note was uploaded on 06/06/2010 for the course ACCOUNTING ac505 taught by Professor Khan during the Spring '10 term at DeVry Fremont.

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