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Business, 25.07.2020 17:01 rlafferty5604
One of your customers has just made a purchase in the amount of $20,800. You have agreed to payments of $375 per month and will charge a monthly interest rate of 1.17 percent. How many months will it take for the account to be paid off?
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1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19
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One of your customers has just made a purchase in the amount of $20,800. You have agreed to payments...
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