What is the interest rate
the company borrowes $120,000 on march 31, 2011. principle and interest are due on march 31, 2012. this note is the company's only interest bearing debt. and as of december 31, 2011interest expense 7200int. payable 7200
what is the interest rate?
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the company borrowes $120,000 on march 31, 2011. principle and interest are due on march 31, 2012. this note is the company's only interest bearing debt.
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