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Business, 23.04.2021 16:20 gonzmari457
The opening balance of Company A is 25,000, and the repayment is scheduled for 1,000 per month at an annual interest rate of 5%. Use the average debt balance to calculate the interest payment. The closing balance of debt at the end of the month is and the interest payment is .
a) 24,000; 102
b) 24,000; 104
c) 23,896; 104
d) 23,898; 102
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The opening balance of Company A is 25,000, and the repayment is scheduled for 1,000 per month at an...
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