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An investor requests a loan for which he does not know the interest rate assigned to him. If 500 simple interest is paid in a
An investor requests a loan for which he does not know the interest rate assigned to him. If 500 simple interest is paid in a semester for a principal amount of 10,000, what is the semiannual and annual simple interest that was assigned in the contract?
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
7th edition
1259722635, 978-1259722639
