8) You obtain a loan of $3,000 based on simple interest with an annual interest rate of 12 percent, or 1 a month If the first payment is $300, how much is the principal portion of the payment 8) You obtain a loan of $3,000 based on simple interest with an annual interest rate of 12 percent, or 1 a...

The interest on the loan is calculated as I P r t where P principal amount ...

8) You obtain a loan of $3,000 based on simple interest with an annual interest rate...

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Construction accounting and financial management

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8) You obtain a loan of $3,000 based on simple interest with an annual interest rate...

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