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Solve for the unknown variables based on the information provided. (Round all quantities to two decimal places. NOTE that this means interest rates should be
Solve for the unknown variables based on the information provided. (Round all quantities to two decimal places. NOTE that this means interest rates should be rounded to four places before converting to a percentage!) Interest Amount Principal/Present Value Interest Rate Time Maturity/Future Value $16,225.00 0.8% per month 8 months 9% per year 5 months $61,870.00 $1,137.40 7.75% per year months $23,787.40 $2,039.66 $41,740.00 % per year 217 days
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