A loan of $6000 made at 11% per annum on March 10 is repaid in full on

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A loan of $6000 made at 11% per annum on March 10 is repaid in full on November 15. Payments were made of $2000 on June 30 and $2500 on September 5. What was the final payment?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:43 AM

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A loan of $6000 made at 11% per annum on March 10 is repaid in full on

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Contemporary Business Mathematics with Canadian Applications

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