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Richard has a 180 day loan from his bank to pay for a new swimming pool. His loans maturity value is 30,640 and he is paying 10 % exact interest. How much did he borrow
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Richard has a 180 day loan from his bank to pay for a new swimming pool. His loans maturity value is 30,640 and he is paying 10 % exact interest. How much did he borrow

User Kevin Versfeld
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4 votes

Answer:

1. A loan is money that you have borrowed and 7. The formula for the amount financed is must repay. the cash price plus the exact interest. 2. A single-payment​ .

User Stewie Griffin
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