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Igor earned $38.24 interest on his investment over the past 9 months. If the investment pays interest at a simple rate of 3.85% per annum,
Igor earned $38.24 interest on his investment over the past 9 months. If the investment pays interest at a simple rate of 3.85% per annum, how much did Igor originally invest? Round your answer to 2 decimal places (dollars and cents)
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Financial Management Principles And Practices
Authors: Sudhindra Bhat
2nd Edition
8174465863, 978-8174465863
