Boiler bakeries borrowed money from lafayette savings bank, Ask an Expert

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Boiler Bakeries borrowed money from Lafayette Savings Bank. The note that Boiler signed requires 6 annual payments fo $20,000 beginning one year from today. The interest rate on the loan is 8%.

a.) What amount did Boiler Bakeries borrow? Show calculations

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Accounting Basics, Accounting

Category:- Accounting Basics
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