Question
1)Calculate the amount of interest if $3,000.00 is invested at 6.25% from November 30, 2014 to May 15, 2015. 2)Determine the exact time between January
1)Calculate the amount of interest if $3,000.00 is invested at 6.25% from November 30, 2014 to May 15, 2015.
2)Determine the exact time between January 21, 2014 and September 13, 2014 by counting days.
3)Interest of $429.48 was charged on a loan of $9,500.00 over a period of 7 months.What simple rate of interest was charged on the loan?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
