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    Contemporary Business Mathematics Study Set 1
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    Exam 7: Simple Interest
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    Find the Present Value of a Debt of $760
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Find the Present Value of a Debt of $760

Question 104

Question 104

Essay

Find the present value of a debt of $760.00 ninety-five days before it is due if money is worth 6.25%.

Correct Answer:

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S = 760.00...

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