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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 85
Solve the following word problems. Round answers to the nearest cent when necessary.
Pamela Boyd borrowed $20,000 at 6.5% ordinary interest for 150 days. On day 30 of the loan, she made a partial payment of $8,000. What is the new maturity value of the loan
Pamela Boyd borrowed $20,000 at 6.5% ordinary interest for 150 days. On day 30 of the loan, she made a partial payment of $8,000. What is the new maturity value of the loan
Explanation
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Step 1 : Calculate the interest from the...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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