Question
Jacques has just been notified that the combined principal and interest on an amount he borrowed 20 months ago at 8.3% compounded monthly is now
Jacques has just been notified that the combined principal and interest on an amount he borrowed 20 months ago at 8.3% compounded monthly is now $2,897.78. How much of this amount is principal and how much is interest? (Do not round intermediate calculations and round your final answers to 2 decimal places.)
Principal portion $ ?
Interest portion $ ?
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
8th Global Edition
1292155035, 9781292155036
