On july 1st you borrow 12300 at 114 compounded monthly on
Question: On July 1st, you borrow $12,300 at 11.4% compounded monthly. On February 1st of the following year, you repay $4,000, and $5,000 on June 1st of that year. Find the balance on December 1st of the same year using: the U.S. Rule
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question on july 1st you borrow 12300 at 114 compounded monthly on february 1st of the following year you repay 4000
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