Question
The balance after 9 months, including interest, on a loan at 9.4% is $16,913.90. What are the principal and interest components of the balance? (Do
| The balance after 9 months, including interest, on a loan at 9.4% is $16,913.90. What are the principal and interest components of the balance? (Do not round intermediate calculations and round your final answers to 2 decimal places.) Principal Component = ? Interest Component = ?
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Financial Management Principles And Practices
Authors: Sudhindra Bhat
2nd Edition
8174465863, 978-8174465863
