8. If 300,000 people each receive an average refund of $2,500, based on an annual interest rate...

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8. If 300,000 people each receive an average refund of $2,500, based on an annual interest rate of 3 percent, what would be the lost annual income from savings on those refunds? (LO3.2)

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Jul 24, 2024 11:01 AM

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8. If 300,000 people each receive an average refund of $2,500, based on an annual interest rate...

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Focus On Personal Finance

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