Business, 26.03.2020 02:58 malachilaurenc

Scott used $4,000,000 from his savings account that paid an annual interest of 5% and a $60,000 loan at an annual interest rate of 5% to purchase a hardware store. After one year, Scott sold the business for $4,100,000. His accounting profits is: a. $100,000 b. $20,000 c. $300,000 d. $97,000

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Scott used $4,000,000 from his savings account that paid an annual interest of 5% and a $60,000 loan...

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