Given: a 12% 90-day $4,000 note. Find the adjusted balance (principal) using the U.S. rule (360 days) after the first $800 payment on the 40th day.

Name: Given: a 12% 90-day $4,000 note. Find the adjusted balance (principal) using the U.S. rule (360 days) after the first $800 payment on the 40th day.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

The Answer of Given: a 12% 90-day $4,000 note. Find the adjusted balance (principal) using the U.S. rule (360 days) after the first $800 payment on the 40th day.

Given: a 12% 90-Day $4,000 Note