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please show all work and explain best you can. thanks in advance. answer is d = 8.9655 ; i = 9.84848 Jonathan borrows $1,450 for
please show all work and explain best you can. thanks in advance.
Jonathan borrows $1,450 for one year at a discount rate of D. He has the use of an extra $1,320. Find D and the annual interest rate that this is equivalent to answer is d = 8.9655 ; i = 9.84848 
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
