Question
Automotive Excellence Inc. borrowed $16 comma 000.0016,000.00 on April 8April 8 with an interest rate of 8.38.3% per annum. On June 17June 17, $ 5600.00$5600.00
Automotive Excellence Inc. borrowed
$16 comma 000.0016,000.00
on
April 8April 8
with an interest rate of
8.38.3%
per annum. On
June 17June 17,
$ 5600.00$5600.00
was repaid, and on
August 9August 9,
$ 5600.00$5600.00
was repaid. Automotive Excellence paid the balance of the loan on
December 1.December 1.
What was the final payment?
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Cost And Management Accounting
Authors: Duncan Williamson
1st Edition
0132059231, 978-0132059237
