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How long after the initial loan was the payment made

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Question - A $5,400 loan at 9.3% compounded monthly was settled by a single payment of $6,700 including accrued interest. How long after the initial loan was the $6,700 payment made? For the purpose of determining the number of days in a partial month, assume that a full month has 30 days.

Reference no: EM133126311

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