Solution-What is the final amount due on the loan

What is the final amount due on the loan

Reference no: EM132750139

Question - Suppose you take out a loan for 180 days in the amount of $12,500 at 15% ordinary interest. After 40 days, you make a partial payment of $1,000. What is the final amount due on the loan?

Reference no: EM132750139

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What is the final amount due on the loan : Suppose you take out a loan for 180 days in the amount of $12,500 at 15% ordinary interest. What is the final amount due on the loan

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What is the final amount due on the loan

Reference no: EM132750139

Reference no: EM132750139

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