An early payment of $4574.73 was accepted instead of a scheduled payment of $4850.00, allowing for interest

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An early payment of $4574.73 was accepted instead of a scheduled payment of $4850.00, allowing for interest at the rate of 8 ¾ %. How many days early was the payment?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:11 AM

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An early payment of $4574.73 was accepted instead of a scheduled payment of $4850.00, allowing for interest

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Increase in nominal value ...View the full answer

Business Mathematics In Canada

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