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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 147
Solve following application problems. Round rate to the nearest tenth of a percent, time to the nearest day, and money to the nearest cent.
CELL PHONES Ben Dayton needed funds to open a cell phone store and his uncle agreed to put up collateral for the loan. Dayton signed a 130-day simple discount note with a face value of $12,000 and proceeds of $11,523.33. Find the discount rate.
CELL PHONES Ben Dayton needed funds to open a cell phone store and his uncle agreed to put up collateral for the loan. Dayton signed a 130-day simple discount note with a face value of $12,000 and proceeds of $11,523.33. Find the discount rate.
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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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