Question
A borrower has sent a cheque for $21,200.00 in full settlement of a loan balance including interest at 13.5% for 8 months. a)How much was
A borrower has sent a cheque for $21,200.00 in full settlement of a loan balance including interest at 13.5% for 8 months.
a)How much was the principal on the loan?
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b)How much of the total payment is interest?
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Advanced Accounting
Authors: Debra C. Jeter, Paul Chaney
5th Edition
1118022297, 9781118214169, 9781118022290, 1118214161, 978-1118098615
