You get a $5,000 180-day 11% consumer loan on May 18. You make a $2,000 payment on

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You get a $5,000 180-day 11% consumer loan on May 18. You make a $2,000 payment on July 18. Calculate the balance you still owe after the payment. Assume a 365-day year.

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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: Apr 14, 2023 01:30 AM

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You get a $5,000 180-day 11% consumer loan on May 18. You make a $2,000 payment on

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Various loans have their own rules I dont know what your text is telling you ... View the full answer

Income Tax Fundamentals 2013

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