Question
A loan of $9,341 was repaid at the end of 7 months. What size repayment check (principal and interest) was written, if a 7.8% annual
A loan of $9,341 was repaid at the end of 7 months. What size repayment check (principal and interest) was written, if a 7.8% annual rate of interest was charged?
The amount of the repayment check was $
(Round to two decimal places.)
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
