Determine the interest due on a $15,000 short-term loan, with a term of 90 days and a

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Determine the interest due on a $15,000 short-term loan, with a term of 90 days and a simple interest rate of 11.5%.

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Construction accounting and financial management

ISBN: 978-0135017111

2nd Edition

Authors: Steven j. Peterson

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Question Posted: Mar 27, 2013 06:53 AM

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Determine the interest due on a $15,000 short-term loan, with a term of 90 days and a

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Assuming the interest rateR of 115 to be annual intere...View the full answer

Construction accounting and financial management

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