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Author Question: Raymond borrowed $3900.00 from Airdrie Regional Savings. The line of credit agreement provided for ... (Read 39 times)

KimWrice

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Question 1

Sean borrowed $3000.00 from Sepaba Savings and Loan. The line of credit agreement provided for repayment of the loan in three equal monthly payments plus interest at 6.00% per annum calculated on the unpaid balance. Determine the total interest cost.

Question 2

Raymond borrowed $3900.00 from Airdrie Regional Savings. The line of credit agreement provided for repayment of the loan in four equal monthly payments plus interest at 9.56% per annum calculated on the unpaid balance. Determine the total interest cost.


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Marked as best answer by KimWrice on Jun 6, 2019

triiciiaa

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KimWrice

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Reply 2 on: Jun 6, 2019
Great answer, keep it coming :)


mochi09

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Reply 3 on: Yesterday
:D TYSM

 

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