Was bankers rule the exact method or the simplified exact


In 2012 my company borrowed $18,500,000 for 14 days at 12.5% simple interest. We paid a total of $89,930.56 in interest. Was bankers rule, the exact method, or the simplified exact method used to calculate that interest? Justify your answer clearly.

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Financial Management: Was bankers rule the exact method or the simplified exact
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