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    Exam 3: The Mathematics of Finance
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    Find the Simple Interest on a $3,000 Investment Made for 6
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Find the Simple Interest on a $3,000 Investment Made for 6

Question 38

Question 38

Short Answer

Find the simple interest on a $3,000 investment made for 6 months at an interest rate of 8% per year. What is the future value

INT = $ __________

FV = $ __________

Correct Answer:

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