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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 6
Central Auto Parts borrowed $350,000 at 9% interest on July 19 for 120 days.
a. If the bank uses the ordinary interest method, what is the amount of interest on the loan
b. What is the maturity date
a. If the bank uses the ordinary interest method, what is the amount of interest on the loan
b. What is the maturity date
Explanation
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a. Given, Central Auto parts borrowed 35...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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