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I'm not quite sure how to solve for K here? Can anyone explain? Thanks! Q9: 1.6 4: The amount of interest earned on K for
I'm not quite sure how to solve for K here? Can anyone explain? Thanks! Q9: 1.6 4: The amount of interest earned on K for one year i $256. The amount of discount paid on a one year loan "for $K" transacted on a discounted basis at a discount rate that is equivalent to the interest rate of the first transaction is $236. Find K
I'm not quite sure how to solve for K here? Can anyone explain? Thanks!
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