Short Answer
Given: an 11% 120-day $9,000 note. Find the adjusted balance (principal)using the U.S. Rule (360 days)after the first payment on the 65th day of $1,000.
Correct Answer:
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I = 9,000 × .11 × 65...View Answer
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Correct Answer:
Verified
I = 9,000 × .11 × 65...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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