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Accounting
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The red estate has hired you as their accounting assistant, looking at the Statement you have one last charge in the amount of $XXX ? (principal fee + interest) You must separate the principal and interest rates for your accounting record. The loan details are Principal $30,000, Interest rate 12% annual, loan term: 6 months. The interest rate used by the bank is compound interest and fixed monthly principal installments. $6,000 cuota de capital y $307.60 intereses C. $5,000 cuota de capital y $307.60 intereses. C $3,000 cuota de capital y $507.60 intereses. $6,000 cuota de capital y $207.60 intereses
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