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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 40
Solve the following word problems. Round answers to the nearest cent when necessary.
What is the maturity date of a loan for $5,000 at 15% exact interest taken out on June 3? The amount of interest on the loan was $150.
What is the maturity date of a loan for $5,000 at 15% exact interest taken out on June 3? The amount of interest on the loan was $150.
Explanation
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Verified
First find the number of days for a loan...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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