Raul Fletes borrowed $7,500 on a 120 -day note that required ordinary interest at 10.31 %. Raul

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Raul Fletes borrowed $7,500 on a 120 -day note that required ordinary interest at 10.31 %. Raul paid $3,750 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

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Posted Date: Mar 04, 2024 11:43 PM

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Raul Fletes borrowed $7,500 on a 120 -day note that required ordinary interest at 10.31 %. Raul

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Raul borrowed 7500 on a 120day note at 1031 interest To calculate the inter... View the full answer

Business Math

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