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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 $1426
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What Sum of Money Will Accumulate to $1426

Question 17

Question 17

Essay

What sum of money will accumulate to $1426.80 in eight months at 7.78%?

Correct Answer:

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S = 1426.80; r = 0.7...

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