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    Business Mathematics
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    Exam 7: Applications of Simple Interest
  5. Question
    Calculate and Compare the Issue Date Prices of $100,000 Face
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Calculate and Compare the Issue Date Prices of $100,000 Face

Question 6

Question 6

Essay

Calculate and compare the issue date prices of $100,000 face value commercial paper investments with 30, 60, and 90-day maturities, all priced to yield 5.5%.

Correct Answer:

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30 days = $99,550, 6...

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