Talmud book company borrows 18600 for 60 days at 18 percent


Talmud Book Company borrows $18,600 for 60 days at 18 percent interest. What is the dollar cost of the loan? (Use a 360-day year. Do not round intermediate calculations and round your final answer to 2 decimal places.)

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Financial Management: Talmud book company borrows 18600 for 60 days at 18 percent
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