Fatima took out a variable rate $15,000 loan on July 15 at prime + 2% when prime

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Fatima took out a variable rate $15,000 loan on July 15 at prime + 2% when prime was set at 4%. The prime rate increased 1% on August 1. How much simple interest does Alex owe if the loan is paid back on September 29?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

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

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Posted Date: Mar 20, 2024 05:08 AM

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Fatima took out a variable rate $15,000 loan on July 15 at prime + 2% when prime

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Income Tax Fundamentals 2013

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