On August 15, 2021, Low Rider Automotive established a line of credit at its bank, with interest
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On August 15, 2021, Low Rider Automotive established a line of credit at its bank, with interest at 8.75% p.a. This line of credit was used to purchase $5000 of inventory and supplies. Low Rider paid $5113.87 to satisfy the incurred debt. On what date did Low Rider Automotive honour the line of credit?
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Related Book For 
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
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