Roberto borrowed $ 10,000 dollars from the mafia guy down the block Guido Colombo at a rate

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Roberto borrowed $ 10,000 dollars from the mafia guy down the block Guido Colombo at a rate of 30% on January 1st 2020. So, in January 1st 2022 two years later, Roberto paid Guido $ 5,000 dollars from that loan. Guido feel some sympathy, he lowered the rate from 30% to 18% percent. How much money will Roberto owe Guido Colombo as of January 2024

Posted Date: May 13, 2024 01:04 AM

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Roberto borrowed $ 10,000 dollars from the mafia guy down the block Guido Colombo at a rate

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1 Initial Loan Amount Roberto borrowed 10000 from Guido Colombo on January 1st 2020 2 Interest Accru... View the full answer

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