Using his OWN interest rate, Marshall has STILL underpaid that baker:
He paid $1,300 6 years late on a $678.75 bill.
At his 18% interest rate, the total paid SHOULD have been:
$1,411.80 (simple interest)
-or-
$1,832.32 (compound interest)

Using his OWN interest rate, Marshall has STILL underpaid that baker:
He paid $1,300 6 years late on a $678.75 bill.
At his 18% interest rate, the total paid SHOULD have been:
$1,411.80 (simple interest)
-or-
$1,832.32 (compound interest)
Actually, using his OWN interest rate, Marshall has STILL underpaid that baker:
He paid $1,300 6 years late on a $678.75 bill.
At his 18% interest rate, the total paid SHOULD have been:
$1,411.80 (simple interest)
-or-
$1,832.32 (compound interest)