Question
Maria was required to repay a loan that matured to $3,700 on August 10, 2015. However, she realized that she could clear the loan amount
Maria was required to repay a loan that matured to $3,700 on August 10, 2015. However, she realized that she could clear the loan amount on June 17, 2015 instead. How much would she have to pay to clear the loan on June 17, if the simple interest rate charged is 2.75% p.a.?
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
