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    Finite Mathematics for Business Economics
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    Exam 3: Mathematics of Finance
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    The Principal $15,400 Is Accumulated with Simple Interest of 16
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The Principal $15,400 Is Accumulated with Simple Interest of 16

Question 34

Question 34

Multiple Choice

The principal $15,400 is accumulated with simple interest of 16% for 5 years.


A) $27,720
B) $15,892.80
C) $12,320
D) $20,212.50

Correct Answer:

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