Doris Davis borrowed $8,200 on March 5 for 90 days at 8 3/4%. After 32 days, Doris

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Doris Davis borrowed $8,200 on March 5 for 90 days at 8 3/4%. After 32 days, Doris made a payment on the loan of $2,700. On the 65th day, she made another payment of $2,500. What is her final payment if you use the U.S. Rule with ordinary interest?

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Mar 21, 2024 02:49 AM

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Doris Davis borrowed $8,200 on March 5 for 90 days at 8 3/4%. After 32 days, Doris

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Intermediate Accounting

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