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Author Question: You obtain a loan of $3,000 based on simple interest with an annual interest rate of 12%, or 1% a ... (Read 75 times)

eruditmonkey@yahoo.com

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on: Apr 14, 2019

You obtain a loan of $3,000 based on simple interest with an annual interest rate of 12%, or 1% a month. If the first payment is $300, how much is the principal portion of the payment?


◦ $27
◦ $270
◦ $280
◦ $295
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by eruditmonkey@yahoo.com on Apr 14, 2019

flexer1n1

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Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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eruditmonkey@yahoo.com

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Reply 2 on: Apr 14, 2019
Thanks for the timely response, appreciate it

alexanderhamilton

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Reply 3 on: Yesterday
Wow, this really help

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