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Harold Hill borrowed $16,300 to pay for his child's education a River community college. Harrell must repay the loan at the end of 18 months
Harold Hill borrowed $16,300 to pay for his child's education a River community college. Harrell must repay the loan at the end of 18 months and one payment with 2 1/2% interest.
a. how much interest must Harold pay?
b. What is the maturity value?
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
0324002327, 978-0324002324
