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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 8
Solve the following application problem using the United States Rule.
PARTIAL PAYMENT Johnson Solar Technologies borrowed $92,000 on May 7, signing a note due in 90 days at 11.25% interest. On June 24, the company made a partial payment of $24,350. Find (a) the amount due on the maturity date of the note __________ and (b) the interest paid on the note. __________
PARTIAL PAYMENT Johnson Solar Technologies borrowed $92,000 on May 7, signing a note due in 90 days at 11.25% interest. On June 24, the company made a partial payment of $24,350. Find (a) the amount due on the maturity date of the note __________ and (b) the interest paid on the note. __________
Explanation
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There are days from May to June : d...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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