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Janet took out a loan of $50,000 from Bank of America at 8 percent on March 19, 2006 which is due on July 8, 2006. Using exact interest, the amount of Janet's interest cost is

3 answers

4,000

That would be the interest for the whole year, so it is incorrect
see ....

http://www.jiskha.com/display.cgi?id=1340199302

1216.44

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