On March 10, Fat Tires Ltd. borrowed $10 000 with an interest rate of 5.5%. The loan

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On March 10, Fat Tires Ltd. borrowed $10 000 with an interest rate of 5.5%. The loan was repaid in full on November 15, with payments of $2500 on June 30 and $4000 on September 4. 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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On March 10, Fat Tires Ltd. borrowed $10 000 with an interest rate of 5.5%. The loan

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Contemporary Business Mathematics with Canadian Applications

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