Question
A print shop borrows $5100 from a credit union for 356 days. the credit union charges simple interest at an annual rate of 6,5% for
A print shop borrows $5100 from a credit union for 356 days. the credit union charges simple interest at an annual rate of 6,5% for this loan. Assume each day is 1/365 of a year. Find the interest that will be owed after 356 days. If no payments are made on loan find the amount owed after 356 days.
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Introduction to Probability
Authors: Mark Daniel Ward, Ellen Gundlach
1st edition
716771098, 978-1319060893, 1319060897, 978-0716771098
