Question
How many days will it take for $1200 to earn $14 interest if it is deposited in a bank paying simple interest at the rate
How many days will it take for $1200 to earn $14 interest if it is deposited in a bank paying simple interest at the rate of 7%/year? (Use a 365-day year. Round your answer up to the nearest full day.)
# of days:
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
