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Curretil Allempl in Progress Waterway Company purchased a machine at a price of $96,200 by signing a note payable, which requ

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Answer #1

Answer : 12%

FV $1 = 135,154 /96,200 = 1.404927

N=3

R= ?

At 12% FV$1 is for 3 Periods = 1.404927

Interest Rate = 12% (Answer)

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