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google spreadsheet A bank received $10,000.00 today as a final and unique payment for a loan that the borrower took 24 months ago at a
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- A bank received $10,000.00 today as a final and unique payment for a loan that the borrower took 24 months ago at a 1.5% simple monthly rate.
- What was the principal of that loan?
- How much interest did the bank receive?
- What compound interest rate per month will produce the same interest as this simple rate?
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Management Accounting
Authors: Anthony A Atkinson, Robert S Kaplan
5th Edition
136005314, 978-0136005315
