Billy borrowed $14,140.00 to buy a car. If interest was charged on the loan at 9.06% p.a., how much interest would Billy have to pay in 240 days? The interest charged would be (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Billy borrowed $14,140.00 to buy a car. If interest was charged on the loan at 9.06% p.a., how much interest would Billy have to pay in 240 days? The interest charged would be (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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