Question
You borrowed $20,000 to purchase a vehicle using a 3 year, 9% note that has monthly payments of $636. You have made two payments already.
You borrowed $20,000 to purchase a vehicle using a 3 year, 9% note that has monthly payments of $636. You have made two payments already. The balance of the loan today is $19,024.36. It has been one month since you last paid or accrued interest.
- How much interest should be accrued today?
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Research Methods For Accounting And Finance Global Management Series
Authors: Audrey Paterson, Kevin D. Ogorman, David Leung, Robert Macintosh, William Jackson
1st Edition
1910158895, 978-1910158890
