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mjzolt

  • 3 years ago

Janet took out a loan of $50,000 from Bank of America at 8 percent on March 19, 2006 which is due on July 8, 2006. Using exact interest, the amount of Janet's interest cost is: 5,018.44 $2,561.44 $5,261.44 $5,216.44 None of these

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  1. mjzolt
    • 3 years ago
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    I = 50,000 x .08 x 111/365

  2. slaaibak
    • 3 years ago
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    none of those

  3. mjzolt
    • 3 years ago
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    yeah thats what I got too!

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