A $5300 loan at 6.6% compounded monthly was settled by a single payment of $6500 including accrued

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A $5300 loan at 6.6% compounded monthly was settled by a single payment of $6500 including accrued interest. Rounded to the nearest day, how long after the initial loan was the $6500 payment made? For the purpose of determining the number of days in a partial month, assume that a full month has 30 days.

Posted Date: May 18, 2024 03:07 PM

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A $5300 loan at 6.6% compounded monthly was settled by a single payment of $6500 including accrued

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