Talmud Book Company borrows $24,900 for 60 days at 12 percent interest What is the dollar cost of theloan Days loan is outstanding Dollar cost of loan Amount borrowed x Interest rate x Day sin the year (360)...

Talmud Book Company borrows $24,900 for 60 days at 12 percent interest. What is the dollar cost

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Talmud Book Company borrows $24,900 for 60 days at 12 percent interest. What is the dollar cost of theloan?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 07:24 AM

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Talmud Book Company borrows $24,900 for 60 days at 12 percent interest. What is the dollar cost

Question:

Days loan is outstanding Dollar cost of loan = Amount borrowed x Interest rate x Day sin the year (360)

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Talmud Book Company Dol...View the full answer

Foundations of Financial Management

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