Question: Raul Fleets borrow 8,500 on 270 day note that required ordinary interest rate of 10.77 %. Raul paid 4,250 on the note on the 180th
Raul Fleets borrow 8,500 on 270 day note that required ordinary interest rate of 10.77 %. Raul paid 4,250 on the note on the 180th day . . How much interest did he save by making the partial payment ? The interest save is $ Please round to the nearest cent as needed
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
