
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 83
Solve the following application problems. Round dollar amounts to the nearest cent.
INVENTORY Benson Automotive borrows $2,000,000 at
from a bank to buy land to build a building for a new dealership. Given that the loan is for 9 months, find (a) the interest and (b) the maturity value.
INVENTORY Benson Automotive borrows $2,000,000 at

Explanation
Given the interest formula
,...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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