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Category > Business & Finance Posted 22 Jul 2017 My Price 7.00

Equipment Purchase, Issuance of a Note

Equipment Purchase, Issuance of a Note

Roland Brothers, Inc. purchased equipment from a British firm for £120,000 on April 1, 2008. To finance the purchase of the equipment, the president of the company signed a note for £120,000 with a British bank. The loan is denominated in pounds, matures on March 31, 2009, and bears interest at 12% per annum payable on June 30, September 30, December 31, and March 31. Spot rates for the British pound

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Status NEW Posted 22 Jul 2017 12:07 PM My Price 7.00

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