Question
Carol borrowed $5,200 and signed a straight note with an interest rate of 7% per annum. If she paid $1125 in interest during the term
Carol borrowed $5,200 and signed a straight note with an interest rate of 7% per annum. If she paid $1125 in interest during the term of the note, What was the term of the note?
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Financial & Managerial Accounting, 1, 2 Terms (12 Months)
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
133727075X, 9781337270755
