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answer pls A demand loan of $20,000 at 18% p.a. simple interest was settled by a payment of $5000 in 2 months, another small payment
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A demand loan of $20,000 at 18% p.a. simple interest was settled by a payment of $5000 in 2 months, another small payment of $500 in 5 months, and the outstanding balance in 6 months. Using the declining balance method, calculate the amount of the last payment. a. 17000 b. 16360 C. 16036Step by Step Solution
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Managerial Accounting The Cornerstone Of Business Decision-making, , (6 Months)
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
7th Edition
1337115924, 9781337115926
