9th Daytona 500 in February. If he paid back a $6,800 loan w
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Kurt Busch won the 59th Daytona 500 in February. If he paid back a $6,800 loan with $20 interest at 7.5%, what was the time of the
loan?
Note: Round days up. Do not round intermediate calculations. Use 360 days a year.
Time of the loan
days
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