FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Suppose you take out a loan for 180 days in the amount of $15,500 at 14% ordinary interest. After 40 days, you make a partial payment of $1,000. What is the final amount
due on the loan? (Round to the nearest cent.)
$14,826.11
O $15,543.68
O$15,772.99
O$15,832.06
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