Question
Edgar borrowed $8200 on a 220-day note that required ordinary interest at 13.8%. Edgar paid $3000 on the note on day 150. How much
Edgar borrowed $8200 on a 220-day note that required ordinary interest at 13.8%. Edgar paid $3000 on the note on day 150. How much interest did he save by making the partial payment? Round to the nearest cent A. $539.35 OB. $691.53 OC. $67.85 OD. $319.31
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
