lance7tour
New member
- Joined
- Aug 20, 2011
- Messages
- 17
Bill Moore is buying a used Winnebago. His April monthly interest at 12% was $125. What was Bill's principal balance at beginning of April? Use 360 days.
125 / 12% x 90/360
125 / .03
4166.67
125 / 12% x 90/360
125 / .03
4166.67