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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 87
Solve each of the following application problems. Round rate to the nearest tenth of a percent, time to the nearest day, and money to the nearest cent.
BOAT PURCHASE An ExxonMobil employee borrowed $6000 from First National Bank to purchase a boat. He plans to repay the loan with a Christmas bonus he is to receive in 120 days. If he borrowed the money at a discount rate of 11%, find (a) the discount and (b) the proceeds.
BOAT PURCHASE An ExxonMobil employee borrowed $6000 from First National Bank to purchase a boat. He plans to repay the loan with a Christmas bonus he is to receive in 120 days. If he borrowed the money at a discount rate of 11%, find (a) the discount and (b) the proceeds.
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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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