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Jones Company had outstanding all year a 10%, 5 year, $2,000,000 note payable and an...

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Accounting

Jones Company had outstanding all year a 10%, 5 year, $2,000,000 note payable and an 11%, 4-year, $3,500,000 note payable. Compute avoidable interest for Pheasant Company. Remember to include the calculation of actual interest in your answer.

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