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10. Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. A. Principal
10. Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary.
A.
| Principal | Rate (%) | Time (days) | Interest Method | Interest | Maturity Value (in $) |
|---|---|---|---|---|---|
| $12,000 | 13 | ______days | Ordinary | $770 | $_____ |
B.
| Principal | Rate (%) | Time (days) | Interest Method | Interest | Maturity Value (in $) |
|---|---|---|---|---|---|
| $3,300 | ____% | 164 | Exact | $220 | $______ |
C.
| Principal (in $) | Rate (%) | Time (days) | Interest Method | Interest | Maturity Value |
|---|---|---|---|---|---|
| $____ | 10.5 | ______days | Exact | $2,000 | $47,000 |
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Personal Finance Lab Include Pearson EText
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
6th Edition
0134626575, 978-0134626574
