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September 22, 2014

Homework Help: Intrest Problem

Posted by Scott on Saturday, March 8, 2008 at 5:31pm.

Shawn Bixby borrowed 17000.00 on a 120-day, 12% note. After 65 days, Shawn paid 2000.00 on the note. On day 89, Shawn paid an additional 4000.00. What is the final balance due? Determine total intrest and ending balance due by the U.S. Rule. Use ordinary intrest

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