Debit calculation

JefreyC10

New member
Joined
Oct 21, 2021
Messages
2
Jhon has two debts to pay, one of $7,000.
maturity in 6 months and another $14,000.00 due from now on
to 1 year. Interest of 48% per annum with monthly capitalization, if
he pays $5,000.00 today, which payment in 9 months will settle
your debt?
 

jonah2.0

Full Member
Joined
Apr 29, 2014
Messages
471
Beer induced query follows.
Jhon has two debts to pay, one of $7,000.
maturity in 6 months and another $14,000.00 due from now on
to 1 year. Interest of 48% per annum with monthly capitalization, if
he pays $5,000.00 today, which payment in 9 months will settle
your debt?
What have you done so far?
 
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