A department store charges an 18% annual rate for overdue accounts. How much interest will be owed

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A department store charges an 18% annual rate for overdue accounts. How much interest will be owed on an $835 account that is 2 months overdue?

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 07:30 AM

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A department store charges an 18% annual rate for overdue accounts. How much interest will be owed

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College Mathematics for Business Economics Life Sciences and Social Sciences

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