Kent borrowed $6,500 on January 11 at 12.5% exact interest. He made payments of $1,000 on February 16, and $1,500 on March 14. Find his payoff amount on April 10, according to the U.S. Rule
Kent borrowed $6,500 on January 11 at 12.5% exact interest. He made payments of $1,000 on February 16, and $1,500 on March 14. Find his payoff amount on April 10, according to the U.S. Rule
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Kent borrowed $6,500 on January 11 at 12.5% exact interest. He made payments of $1,000 on February 16, and $1,500 on March 14. Find his payoff amount on April 10, according to the U.S. Rule
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