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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 52
Solve following application problems. Round rate to the nearest tenth of a percent, time to the nearest day, and money to the nearest cent.
INTERNATIONAL FINANCE A Malaysian electric company requires proceeds of $720,000 (local currency) and borrows from a bank in Thailand at a 12% discount rate for 45 days. Find (a) the face value of the note _____________ and (b) the effective interest rate. _____________
INTERNATIONAL FINANCE A Malaysian electric company requires proceeds of $720,000 (local currency) and borrows from a bank in Thailand at a 12% discount rate for 45 days. Find (a) the face value of the note _____________ and (b) the effective interest rate. _____________
Explanation
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The following information is given, 
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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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