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Victor bought a gas stove for $3,000. Victor has decided that he can afford to pay only $350 per ...

Victor bought a gas stove for $3,000. Victor has decided that he can afford to pay only $350 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 3% on the unpaid balance.

Note: Round your answer to the nearest cent.

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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this is exactly what I needed

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Smart ... Thanks!

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