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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 77
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.
A loan to a German bank was for $1,290,000 with a maturity value of $1,327,410 and a rate of 6%. Find the time. _____________
A loan to a German bank was for $1,290,000 with a maturity value of $1,327,410 and a rate of 6%. Find the time. _____________
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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