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Home Q & A Board Science-Related Homework Help Mathematics
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shopaka12 shopaka12
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A year ago
A $3,000 demand loan was advanced on September 30. Fixed monthly payments of $1000 were required on the first day of each month beginning November 1. What was the balance of the loan on December 1, before the monthly payment? Assume that the interest rate remained at 6.75% for the life of the loan.

▸ $2,030.15

▸ $2,028.85

▸ $2,032.98

▸ $2,027.21

▸ $2,077.24
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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dreamnluvdreamnluv
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A year ago
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shopaka12 Author
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A year ago
You make an excellent tutor!
kater28
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Yesterday
Thanks
megan.xo
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2 hours ago
Correct Slight Smile TY
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