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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 28
In each of the following application problems, find principal to the nearest cent, rate to the nearest tenth of a percent, or time to the nearest day.
PENALTY ON LATE PAYMENT Smithville Used Toyota lets an $1800 mortgage payment go 70 days overdue and is charged a penalty of $59.50. Find the rate of interest that was charged as a penalty. ( Note: Penalty rates are frequently quite high.)
PENALTY ON LATE PAYMENT Smithville Used Toyota lets an $1800 mortgage payment go 70 days overdue and is charged a penalty of $59.50. Find the rate of interest that was charged as a penalty. ( Note: Penalty rates are frequently quite high.)
Explanation
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The following table ...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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