Question
1. Solve the following: a) Find the principle and interest due after one year on a loan of $5,000 if interest is 12.% per year.
1. Solve the following:
a) Find the principle and interest due after one year on a loan of $5,000 if interest is 12.% per year. (SPCAF)
b) How much money can you borrow at present if you repay the lender $850 in 2 years and the interest rate is 6% per year compounded annually? (SPPWF)
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Business Accounting Volume 2
Authors: Frank Wood, Alan Sangster
6th Edition
0273039148, 9780273039143
