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    Contemporary Business Mathematics Study Set 1
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    Exam 7: Simple Interest
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    Determine the Amount of Money That Would Have to Be
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Determine the Amount of Money That Would Have to Be

Question 61

Question 61

Essay

Determine the amount of money that would have to be invested at 5 Determine the amount of money that would have to be invested at 5   % to accumulate to $10 000.00, 91 days after the investment date. % to accumulate to $10 000.00, 91 days after the investment date.

Correct Answer:

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S = 10 000...

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