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Donna Ball has a $14,000 bank loan and has just made a payment of $1,300. Of the $1,300 payment, $150 is for interest and the
Donna Ball has a $14,000 bank loan and has just made a payment of $1,300. Of the $1,300 payment, $150 is for interest and the rest is for the principal.
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The payment of 1300 is split into two parts 150 for interest and the remainder for the principal ...
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 2
1119048478, 978-1119048473
