natlowyt natlowyt
  • 10-10-2022
  • Mathematics
contestada

Rory pays a monthly interest on the business loan.
The business loan is an interest only loan.
Interest rate pa: 8.36%
Record the interest payment for the month.

Unit Price: 8.36% p.a. of $50,000 for the month

How do you calculate the unit price?


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