Multiple Choice
You deposit $100,000 on March 31,2010 in a fund earning simple interest at r = 6%.Using the banker's rule (ordinary interest) ,how much do you have on July 31,2010?
A) $102,000.00
B) $102,005.48
C) $102,033.33
D) $102,050.00
Correct Answer:
Verified
Correct Answer:
Verified
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