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Marcus borrowed $3800 from the bank for 9 months. The bank discounted the loan at 6.2%. How much was the interest? $ State your
Marcus borrowed $3800 from the bank for 9 months. The bank discounted the loan at 6.2%. How much was the interest? $ State your result to the nearest penny. How much did Marcus receive from the bank? $ State your result to the nearest penny. What was the actual rate of interest? % State your result to the nearest hundredth of a percent.
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Heres how to solve the problem 1 Calculate the discount Discount rate as a decimal 62 100 0062 Time ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
