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Harold Hill borrowed $16,700 to pay for his child's education at Riverside Community College. Harold must repay the loan at the end of 6
Harold Hill borrowed $16,700 to pay for his child's education at Riverside Community College. Harold must repay the loan at the end of 6 months in one payment with 3% interest. a. How much interest must Harold pay? Note: Do not round intermediate calculation. Round your answer to the nearest cent. Interest to pay b. What is the maturity value? Note: Do not round intermediate calculation. Round your answer to the nearest cent. Maturity value
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Core Concepts of Government and Not For Profit Accounting
Authors: Michael H. Granof, Penelope S. Wardlow
2nd edition
471737925, 978-0-470-4605, 978-0471737926
