JORGEPICKENS947 JORGEPICKENS947
  • 17-11-2017
  • Business
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I am owed a payment of $15,000 in five years. what is my note receivable balance today if the interest rate is 7%? how much interest will i earn on the note?

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meerkat18
meerkat18 meerkat18
  • 17-11-2017
$16050 is the balance because you will earn $1050 . It is calculated by multiplying its interest rate  plus 1 to the principal.
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