Homework Answers
We use the below formula to calculate the time of the loan
Interest = Principal * time * interest rate
6.30 = 270 * No. of days/360 * 0.07
6.30 = 18.9* No. of days/360
No. of days = 6.3*360/18.9
Number of days = 120
Time of the loan = 120 days
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this is requirement one
this is requirement 2
this
is requirement 3
this
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[The following information applies to the questions
displayed below.]
Read the following letter and help Shady Slim with his tax
situation. Please assume that his gross income is $172,900 (which
consists only of salary) for purposes of this problem.
December 31, 2019
To the friendly student tax preparer:
Hi, it’s Shady Slim again. I just got back from my 55th birthday
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this is requirement one
this is requirement 2
this
is requirement 3
this
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Comprehensive Problem 6-52 (LO 6-1, LO 6-2, LO 6-3)
[The following information applies to the questions
displayed below.]
Read the following letter and help Shady Slim with his tax
situation. Please assume that his gross income is $172,900 (which
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December 31, 2019
To the friendly student tax preparer:
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