Question
On March 1, the Zwick Balloon Company signed a $7600 note with a simple interest of 12.5% for 240 days. The company made payments of
On March 1, the Zwick Balloon Company signed a $7600 note with a simple interest of 12.5% for 240 days. The company made payments of $1250 on May 1 and $2400 on July 1. How much will the company owe on the date of maturity? Assume 360 days in a year.
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Computational Techniques In Economics And Finance
Authors: Constantin Zopounidis
1st Edition
1613245580, 978-1613245583
