SOLUTION: Margie is buying a car . Her June monthly interest at 12.5 percent was 195 dollars. What was Margies principal balance at the beginning of June. Use 360 days.

SOLUTION: Margie is buying a car . Her June monthly interest at 12.5 percent was 195 dollars. What was Margies principal balance at the beginning of June. Use 360 days.

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Question 392020: Margie is buying a car . Her June monthly interest at 12.5 percent was 195 dollars. What was Margies principal balance at the beginning of June. Use 360 days.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
195/(0.125/12)=
195/0.0104=18,750
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