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    Math problem

    if i borrow 16,ooo o a 4 month, 6% note payable how much would that be?

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    0  Views: 1391 Answers: 4 Posted: 13 years ago
    Tags: accounting banking
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      4 Answers

      if it's 6% yearly interest and you're going to pay back within 4 months that's: 16,000*1.06^(4/12)= 16,313

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