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QUESTION 28 A customer charges a treadmill at Sports Equipment Shop on June 1. The price is $64,000 and the financing charge is 4% per
QUESTION 28 A customer charges a treadmill at Sports Equipment Shop on June 1. The price is $64,000 and the financing charge is 4% per annum if the bill is not paid by June 30 . The customer pays the bill on July 1 and a finance charge is added to the customer's account. Calculate the amount of the finance charge. (Please round answer to the nearest dollar, i.e, $566.666 should be entered as 567)
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Auditing
Authors: Thomas D. Hubbard, J. R. Johnson, Steve Johnson, Joel D. Hubbard
6th Edition
0873932609, 9780873932608
