Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ned help On July 5, Fat Tires Lid borrowed $11,000.00 with an interest rate of 58% The loan was repaid in full on October 2,

Ned help

image text in transcribed
On July 5, Fat Tires Lid borrowed $11,000.00 with an interest rate of 58% The loan was repaid in full on October 2, with payments of $2600 00 on August 6 and $3400.00 on September 3. What was the final payment? The final payment was s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Graphical Approach To College Algebra

Authors: John E Hornsby, Margaret L Lial, Gary K Rockswold

6th Edition

0321900766, 9780321900760

More Books

Students also viewed these Mathematics questions