Mario borrowed $6000 on March 1 at a variable rate of interest. The interest rate began at

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Mario borrowed $6000 on March 1 at a variable rate of interest. The interest rate began at 7.5%, increased to 8% effective April 17, and then fell by 0.25% effective June 30. How much interest will be owed on the August 1 repayment date?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:08 AM

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Mario borrowed $6000 on March 1 at a variable rate of interest. The interest rate began at

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Interval Number of days Int rate Interest Mar 1 to ...View the full answer

Business Mathematics In Canada

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