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An online buying club requires an annual fee of $60 in order to qualify for a 15 percent on purchases. What amount would a person
An online buying club requires an annual fee of $60 in order to qualify for a 15 percent on purchases. What amount would a person have to buy in order to save enough to cover the cost of the membership?
Answer: 400
Can you please explain to me how they got this answer by hand please
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
