Raul Fletes borrowed $8,500 on a 300-day note that required ordinary interest at 11.76%. Raul paid $4,250

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Raul Fletes borrowed $8,500 on a 300-day note that required ordinary interest at 11.76%. Raul paid $4,250 on the note on the 60th day. How much interest did he save by making the partial payment?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

Question Posted: Mar 11, 2016 01:47 AM

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Raul Fletes borrowed $8,500 on a 300-day note that required ordinary interest at 11.76%. Raul paid $4,250

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850001176 60 360 16660 4250 1666...View the full answer

Business Math

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