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A company borrows $80,000 at a simple interest rate of 6.7% per annum for 90 days. What is the total amount they will need
A company borrows $80,000 at a simple interest rate of 6.7% per annum for 90 days. What is the total amount they will need to repay after 90 days (rounded to the nearest dollar)?
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For a simple interest loan the interest is calculated by multiplying the principal amount interest ...
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
