Bruce Wayne borrowed $14 300.00 for investment purposes

Offered Price: $ 5.00 Posted on: 12/12/2016 02:48 AM Due on: 12/12/2016
Question # 00441588 Subject Finance Topic Finance Tutorials: 1
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Bruce Wayne borrowed $14 300.00 for investment purposes on May 19, on a demand note providing for a variable rate of interest and payment of any accrued interest on December 31. He paid $1,300.00 on June 28, $1,450 on September 25, and $4,200.00 on November 15. How much is the final payment on December 31 if the rate of interest was 11.5% on May 19; 8.21% effective August 1; and 6.35% effective November 1? Use the declining balance method and show all calculations.
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  1. Bruce Wayne borrowed $14 300.00 for investment purposes

    Available for: $ 5.00 Posted on: 12/12/2016 02:48 AM
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