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Mike Is Supposed to Pay $750 to Sarah, but Wishes

Question 277

Multiple Choice

Mike is supposed to pay $750 to Sarah, but wishes to delay it for 48 days. Determine the amount Sarah should expect in 48 days if the rate of interest is 6.55%


A) $756.46
B) $765.66
C) $771.55
D) $793.12
E) $795.61

Correct Answer:

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