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Posted on Oct 23, 2024

Same information as question 2 . By Dec. 3 1 , 2 0 2 3 , the market rate has fallen to 7 % .

Same information as question

2 .

By Dec.

31, 2023,

the market rate has fallen to

7 % .

How much more or less

(

specify

)

interest income will the investor receive on Dec.

31, 2023

as a result of the decrease in the market rate?

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