The $1000 principal amount of a loan was repaid on March 13, 2011, along with accrued interest

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The $1000 principal amount of a loan was repaid on March 13, 2011, along with accrued interest in the amount of $49.42. If the interest rate on the loan was 11%, on what date was the loan advanced?”

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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The $1000 principal amount of a loan was repaid on March 13, 2011, along with accrued interest in the amount of $49.42. If the interest rate on the loan was 11%, on what date was the loan advanced?
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The $1000 principal amount of a loan was repaid on March 13, 2011, along with accrued interest

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Term Year 044927 365 days 164 days Serial numbe...View the full answer

Business Mathematics In Canada

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