Question
Israel borrowed $50,000 on a 90-day 8% note. He paid $3,000 toward the note on day 40. On day 60 he paid an additional $4,000.
Israel borrowed $50,000 on a 90-day 8% note. He paid $3,000 toward the note on day 40. On day 60 he paid an additional $4,000. Using the U.S Rule, Israel's adjusted balance after the first payment is???
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
