Calculate the balance outstanding after the second month, HR Management

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Calculate the balance outstanding after the second month

Problem

Marika bought a $7,000 computer. Based on her income, Marika could afford to pay back only $700 per month. The charge on the unpaid balance is 1.5% . The U.S. Rule is used in the calculation. Calculate the balance outstanding after the second month.

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HR Management: Calculate the balance outstanding after the second month

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HR Management: Calculate the balance outstanding after the second month

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