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The balance of bank loan account of Electricore Ltd at 30 January 2022 is $580,000. Interest rate is 12% per annum. Monthly installment amount is
The balance of bank loan account of Electricore Ltd at 30 January 2022 is $580,000. Interest rate is 12% per annum. Monthly installment amount is $30,000. After the installment at 3 April 2022 was paid, what is the $ balance of the bank loan account?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
