Multiple Choice
On September 1,2012,Company B signed a $7,392,two-year non-interest-bearing note payable in full on August 31,2014.Company B received $6,000 cash.What was the yield or effective rate of interest?
A) 11 percent
B) 14 percent
C) 18 percent
D) 23 percent
Correct Answer:

Verified
Correct Answer:
Verified
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