A $45,000 payment on August 11^th was not paid. Instead $46,306.41 was paid earning 8.8% interest compounded quarterly. The payment was made on Dec 20.

Name: A $45,000 payment on August 11 th was not paid. Instead $46,306.41 was paid earning 8.8% interest compounded quarterly. The payment was made on Dec 20.
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The Answer of A $45,000 payment on August 11^th was not paid. Instead $46,306.41 was paid earning 8.8% interest compounded quarterly. The payment was made on Dec 20.

A $45,000 Payment on August 11th Was Not Paid

A $45,000 Payment on August 11^th Was Not Paid