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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 19
Solve the following application problem using the United States Rule.
REMODELING The Second Avenue Butcher Shop financed a remodeling program by giving the builder a note for $32,500. The note was made on September 14 and is due in 120 days. Interest on the note is 9.75%. On December 9, the firm makes a partial payment of $9000. Find (a) the amount due on the maturity date of the note __________ and (b) the interest paid on the note. __________
REMODELING The Second Avenue Butcher Shop financed a remodeling program by giving the builder a note for $32,500. The note was made on September 14 and is due in 120 days. Interest on the note is 9.75%. On December 9, the firm makes a partial payment of $9000. Find (a) the amount due on the maturity date of the note __________ and (b) the interest paid on the note. __________
Explanation
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There are days from September to Dece...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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