Business, 18.02.2020 06:15 williams5847

Billy Thornton borrowed $20,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Billy have to pay in a 30-day month?

a. $139.88
b. $133.22
c. $120.83
d. $126.88
e. $146.87

Answers: 2

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