Question
Talmud Book Company borrows $18,300 for 90 days at 11 percent interest. What is the dollar cost of the loan? (Use a 360-day year. Do
Talmud Book Company borrows $18,300 for 90 days at 11 percent interest. What is the dollar cost of the loan? (Use a 360-day year. Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
