Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You decided it is important to pay off some of your debt to help build your credit score. If you paid $1,307 interest on $45,000

image text in transcribed
You decided it is important to pay off some of your debt to help build your credit score. If you paid $1,307 interest on $45,000 at 4.0%, what was the time, using exact interest? (Do not round intermediate calculations. Round up your answer to the nearest day.) Time days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ethical Obligations And Decision Making In Accounting Text And Cases

Authors: Steven Mintz, Roselyn Morris

2nd Edition

0078025281, 9780078025280

More Books

Students also viewed these Accounting questions

Question

What type of authentication uses a QR Code or FIDO 2 ?

Answered: 1 week ago