On March 2 0 , 2 0 2 3 , Aimable's Emporium secured an initial advance of
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Question:
On March Aimable\'s Emporium secured an initial advance of $ on its revolving demand loan. Every th of the month, interest is computed up to but not including the th and debited from Aimable\'s bank account. The variable interest rate commenced at and was reduced to on April On April an additional $ was drawn on the line of credit. What amount of interest was charged to the bank account on April and May
Expert Answer:
To calculate the interest charged to the bank account on April 15 and May 15 we need to determine th... View the full answer
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