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Mathematics, 27.05.2021 08:30 mutoni55
David and Ellen Cho are planning to start a business that will export American food to China. They estimate that they will need $85,000 to pay for organizational costs, get product samples, and make three trips to Shanghai. They can borrow the money from their relatives for 3 years. The Chos are willing to pay their relatives 6% ordinary simple interest. Compute the total amount that they will owe their relatives in 3 years.
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David and Ellen Cho are planning to start a business that will export American food to China. They e...
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