Question
A customer charges a treadmill at CoronadoEquipmentShop. The price is $10500 and the financing charge is 4% per annum if the bill is not paid
A customer charges a treadmill at CoronadoEquipmentShop. The price is $10500 and the financing charge is 4% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a finance charge is added to the customer's account.
What is the amount of the finance charge?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
