Find the time of the loan. Use a bankers year 360 days Principal 36,800.00 Rate 5.5% Interest $ 920.00 the time of the loan was what days

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 21MC: A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an...
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Find the time of the loan. Use a bankers year 360 days Principal 36,800.00 Rate 5.5% Interest $
920.00 the time of the loan was what days
Transcribed Image Text:Find the time of the loan. Use a bankers year 360 days Principal 36,800.00 Rate 5.5% Interest $ 920.00 the time of the loan was what days
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