krhino2570 krhino2570

16-05-2023
Business

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Schmidt Company borrows $10,000 from its bank and signs a 6-month note. Interest, which is due quarterly, is specified in the note as 6%. The 6% interest rate is a(n) Multiple choice question. - annual, - 12 month rate. - 3 month rate. - 6 month rate.

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