Question
Paula Frye loaned $1,260 to a friend at 6% ordinary interest (360-day year). at the end of the loan period, Paula recieved the $1,260
Paula Frye loaned $1,260 to a friend at 6% ordinary interest (360-day year). at the end of the loan period, Paula recieved the $1,260 plus $9.45 interest. compute the length of the loan period. (to the nearest day). Show your work.
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077400163
