A retail business borrowed $11,250.00 for new equipment. The simple interest rate was 6.5% per year. The
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Question:
A retail business borrowed $11,250.00 for new equipment. The simple interest rate was 6.5% per year. The loan period was three years
a.) How much interest was paid per year?
b.) How much interest was paid in total?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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