Raul Fletes borrowed $9,500 on a 90 -day note that required ordinary interest at 11.97%....
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Accounting
Raul Fletes borrowed $9,500 on a 90 -day note that required ordinary interest at 11.97%. Raul paid $4,750 on the note on the 15 th day. How much interest did he save by making the partial payment? The interest saved is $ (Round to the nearest cent as needed.)
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