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Fred loaned $3,080 to Sally at a simple interest rate of 7.87% per annum. What was the term of the loan if the interest due
Fred loaned $3,080 to Sally at a simple interest rate of 7.87% per annum. What was the term of the loan if the interest due came to $235.70? Express your answer in months, rounded to 2 decimal places
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
