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A stove is worth $1700. You can pay $1700 on the date of purchase or $1700 plus an administration fee of $55 5 months
A stove is worth $1700. You can pay $1700 on the date of purchase or $1700 plus an administration fee of $55 5 months from the purchase date. What is the implied simple interest rate? Answer: %
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1 First lets denote the principal amount initial cost of the stove as P 1700 2 The total am...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
