Find the balance on december 1st of the same year
On July 1st, you borrow $12,300 at 11.4% compounded monthly. On February 1st of the following year, you repay $4,000, and $5,000 on June 1st of that year. Find the balance on December 1st of the same year using:
the U.S. Rule
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time valuepersonal finance problemyou can deposit 5000 into an account paying 11 annual interest either today or
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