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When a borrower makes has regular payments of $1,000 a month and in the month of Feb the amounts would be allocated $400 to
When a borrower makes has regular payments of $1,000 a month and in the month of Feb the amounts would be allocated $400 to principal and $600 to interest, but the borrower submits $1,200 how are the funds allocated?
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Financial Accounting
Authors: Walter T. Harrison, Charles T. Horngren
7th edition
0135012848, 978-0135012840
