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Shawn Bixby borrowed $34,000 on a 180-day, 10% note. After 70 days, Shawn paid $3,700 on the note. On day 115, Shawn paid an additional
| Shawn Bixby borrowed $34,000 on a 180-day, 10% note. After 70 days, Shawn paid $3,700 on the note. On day 115, Shawn paid an additional $5,700. Use ordinary interest. |
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
