Question
Thomas Hayward had a full schedule of travel for the month of January. To cover his costs, he took out a $12,200, 5% simple discount
Thomas Hayward had a full schedule of travel for the month of January. To cover his costs, he took out a $12,200, 5% simple discount note paying $35 in interest. What was the length of his loan? (Do not round intermediate calculations. Round UP your answer to the next whole number.)
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
978-1305968356
