Mathematics, 08.11.2020 08:10 krojas015
Suppose you borrowed $112,500 at 5 ½ % interest on June 10 for 72 days. Your bank uses the exact interest method. Determine the amount of interest on the loan? 4. Using the present value formula find how much you should invest now at 5.9% interest, compounded annually in order to have $10,000, 25 years from now.
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Suppose you borrowed $112,500 at 5 ½ % interest on June 10 for 72 days. Your bank uses the exact int...
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