Question
The opening debt balance of Company B is 18,230, and the repayment is scheduled for 2,150 per month at an annual interest rate of 4.5%.
The opening debt balance of Company B is 18,230, and the repayment is scheduled for 2,150 per month at an annual interest rate of 4.5%. The closing balance of debt at the end of the month is ______ and the interest payment is ______. Use the average debt balance to calculate the interest payment.
20,358; 72
16,080; 60
20,380; 76
16,080; 64
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The Practical Guide To Wall Street Equities And Derivatives
Authors: Matthew Tagliani
1st Edition
0470383720, 978-0470383728
