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A guy borrowed 8500$ on a 60 day note that required interest at 12.51% the guy paid 4250$ on the note on the 30th day.
A guy borrowed 8500$ on a 60 day note that required interest at 12.51% the guy paid 4250$ on the note on the 30th day. How much interest did he save by making the partial payment?
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
