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The effective interest rate on a two-year, zero-interest bearing long-term note payable of $300,000, discounted at 10% is a.09% b. 10% c.87% d.

". The effective interest rate on a two-year, zero-interest bearing long-term note payable of $300,000, discounted at 10% is
a. 9.09%
b. 10%
c. 10.87%
d. 11.11%
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Accounting-8199451.xls

Question: The effective interest rate on a two-year, zero-interest bearing long-term note payable of $300,000, discounted at 10% is
a. 9.09%
b. 10%
c. 10.87%
d. 11.11% Solution: Effective interest...

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