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    Contemporary Business Mathematics Study Set 1
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    Exam 7: Simple Interest
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    What Sum of Money Will Accumulate to $539
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What Sum of Money Will Accumulate to $539

Question 118

Question 118

Essay

What sum of money will accumulate to $539.04 in 97 days at 11.4%?

Correct Answer:

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S = 539.04; r = 0.11...

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