Question
Hey, I need help studying for my math test tomorrow. The problem is: Titus Czech signed a 100-day note for 2800 at 15% compounded annually
Hey, I need help studying for my math test tomorrow. The problem is:
Titus Czech signed a 100-day note for 2800 at 15% compounded annually but repaid the loan in full in 80 days instead. Find (a) the interest paid and (b) the amount due in 80 days using the United States Rule.
It would be great if you could help me solve this.
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
0471347744, 978-0471347743
