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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 31
Solve the following application problems. Round rates to the nearest tenth of a percent, time to the nearest day, and money to the nearest cent.
Bill Abel signed a simple interest note at a rate of only 6% because he had excellent collateral-a $200,000 CD at the same bank. If the loan matures in 300 days and the interest is $9000, find the principal. _____________
Bill Abel signed a simple interest note at a rate of only 6% because he had excellent collateral-a $200,000 CD at the same bank. If the loan matures in 300 days and the interest is $9000, find the principal. _____________
Explanation
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The following table is given, 
Recall th...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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