Question
A loan was made in 40 months at 6% simple interest. The principal of the loan has just been repaid along with 800 of interest.
A loan was made in 40 months at 6% simple interest. The principal of the loan has just been repaid along with 800 of interest. Compute the principal amount of the loan
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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