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drw92 drw92
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A month ago

Jillian bought a tractor for $5,000. Jillian has decided that she can afford to pay only $1,000 per month. Can you calculate at the end of month 2 the balance of the loan outstanding? Use the U.S. Rule. The monthly interest charged is 5% on the unpaid balance.

Note: Round your answer to the nearest cent.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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carolyne254carolyne254
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drw92 Author
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A month ago
Good timing, thanks!
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this is exactly what I needed
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2 hours ago
Helped a lot
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