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I1. Determine how much X receives from the bank B. ' In the first three problems, also determine the interest rate which X is paying.
I1. Determine how much X receives from the bank B. ' In the first three problems, also determine the interest rate which X is paying. PROD. LOAN REQUESTED BY X For DISCOUNT RATE OF B $5,000 6 months .065 1,750 75 days .07. 3,570 90 days 08 190 30 days 05 7,500 45 days 055 3,800 3 months .0625 Determine the size of the loan which X would request from B if X desired the immediate proceeds given in the table. PROD. IMMEDIATE PROCEEDS TERM OF LOAN DISCOUNT RATE OF B 3,500 30 days 06 8,000 4 months .05 9. 1,800 3 months .07 10. 150,000 60 days .055
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