A firm arranged for a 120-day bank loan at an annual rate of interest of 12 percent. If the loan is for $160,000, how mu
Posted: Fri Jul 01, 2022 7:51 am
A firm arranged for a 120-day bank loan at an annual rateof interest of 12 percent. If the loan is for $160,000, how muchinterest in dollars will the firm pay? (Assume a 360-day year.)
detailed solving is highly appreciated.
detailed solving is highly appreciated.