12. A loan of 6,000, with interest at 6% converted quarterly, is to be amortized by payments of 200 at the end of every three months for as long as necessary. What is the outstanding balance just after the 30th раyment? a.2,002.55 b.1,567.82 c.1,456.33 d.1,870.75
12. A loan of 6,000, with interest at 6% converted quarterly, is to be amortized by payments of 200 at the end of every three months for as long as necessary. What is the outstanding balance just after the 30th раyment? a.2,002.55 b.1,567.82 c.1,456.33 d.1,870.75
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 16Q: Jain Enterprises honors a short-term note payable. Principal on the note is $425,000, with an annual...
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