On May 6, Jim Ryan borrowed $14,000 from Lane Bank at 7 % interests. Jim Plans to

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On May 6, Jim Ryan borrowed $14,000 from Lane Bank at 7 ½% interests. Jim Plans to repay the loan on March 11. Assume the loan is on ordinary interest. How much will Jim repay on March 11?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

Question Posted: Apr 30, 2013 09:03 AM

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On May 6, Jim Ryan borrowed $14,000 from Lane Bank at 7 % interests. Jim Plans to

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Income Tax Fundamentals 2013

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