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Business Mathematics 13th Edition by Gary Clendenen,Stanley Salzman
Edition 13ISBN: 978-0321955050Business Mathematics 13th Edition by Gary Clendenen,Stanley Salzman
Edition 13ISBN: 978-0321955050 Exercise 5
To help you review, the numbers in brackets show the section in which the topic was discussed. Find the simple interest for of the following. Round to the nearest cent.
Joan Davies signed a 140-day simple interest note for $12,500 with a bank that uses exact interest. If the rate is 10.7%, find the maturity value. _____________ [9.1]
Joan Davies signed a 140-day simple interest note for $12,500 with a bank that uses exact interest. If the rate is 10.7%, find the maturity value. _____________ [9.1]
Explanation
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The following table is given, 
Use the e...
Business Mathematics 13th Edition by Gary Clendenen,Stanley Salzman
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