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April 24, 2014

Homework Help: Business Finance

Posted by Renee on Wednesday, February 1, 2012 at 12:15pm.

Lisa Kane borrowed $8000 on an 8%, 60 day note. After 15, days Lisa paid $2000 on the note. On day 45, Lisa paid $4000 on the note. What is the total interest and ending balancce bue by the U.S rule? Use ordinary interest.

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