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Tom was charged $12.48 simple interest on his bank loan for the period June 18,2019 to July 18, 2019. If the interest rate on the
Tom was charged $12.48 simple interest on his bank loan for the period June 18,2019 to July 18, 2019. If the interest rate on the loan was 8.25%, what was the outstanding principal of the loan, rounded to the nearest cent?
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Business Information Systems For Accounting Students
Authors: Martin Quinn
1st Edition
0273773526, 9780273773528
