Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. automotive excellence inc. borrowed $19000 on apri

Automotive Excellence Inc. borrowed $19000 on April 16 with an interest rate of 5.6% per...

60.1K

Verified Solution

Question

Accounting

Automotive Excellence Inc. borrowed $19000 on April 16 with an interest rate of 5.6% per annum. On May30, $5400.00 was repaid, and on August 15, $5800.00 was repaid. Automotive Excellence paid the balance of the loan on October 27. What was the final payment?The final payment was $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Classify the following ionic compounds according to the Sigma-Aldrich solubility scale based on their molar solubility (S). Answer...

Chemistry
1.2K views

Hand draw the following transformations step by step, including all intermediates. Ideally, also show electron pushing A....

Psychology
1.2K views

Nozick offers a Lockeian Theory of property and a reading of the Lockeian Proviso in order...

Basic Math
1.2K views

Identify the equation as a conditional equation, a contradiction, or an identity. Then give the...

Basic Math
1.2K views

The probability that it will rain on October 24 Is 0.13. What is the probability...

Algebra
1.2K views

16 through 0 4 and 1 4

Accounting
1.2K views

Complete this question by entering your answers in the tabs below. Required a Assuming...

Accounting
1.2K views

Micro Corporation has budgeted sales of its microchips for next four month as follows: Units...

Accounting
1.2K views

Which of the following methods of obtaining evidence can be used only in a criminal...

Accounting
1.2K views

I need with priciple of finacial accounting chapter 1 homework

Finance
1.2K views

36) Individuals who did not enroll in Medicare during the initial enrollment period may sign...

Finance
1.2K views

Below is a list of companies and their stock prices, and the amount of their...