Horizon telecom sold 300000 worth of 120-day commercial
Horizon Telecom sold $300,000 worth of 120-day commercial paper for $298,000. What is the dollar amount of interest paid on the commercial paper? What is the effective 120-day rate on the paper?
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horizon telecom sold 300000 worth of 120-day commercial paper for 298000 what is the dollar amount of interest paid on
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