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Business, 08.04.2020 04:39 Isaiahtate053

Suppose you take out a loan for 120 days in the amount of $16,000 at 10% ordinary interest. After 40 days, you make a partial payment of $1,000. After another 40 days, you make a second partial payment of $3,000. What is the final amount due on the loan

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Suppose you take out a loan for 120 days in the amount of $16,000 at 10% ordinary interest. After 40...
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