Overdraft at the end of the month Interest on overdraft balance (1%) Total Amount Financed 1 $35,000.00 Months 2 $102,600.00 3 $167,440.00 4 $92,790.00

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.1MBA
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Overdraft at the end of the month
Interest on overdraft balance (1%)
Total Amount Financed
1
$35,000.00
Months
2
$102,600.00
3
$167,440.00
4
$92,790.00
Transcribed Image Text:Overdraft at the end of the month Interest on overdraft balance (1%) Total Amount Financed 1 $35,000.00 Months 2 $102,600.00 3 $167,440.00 4 $92,790.00
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