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Solve the following. Show your solution on a separate sheet of paper. (3 points each) 10. If P 11 200 is the present value of

Solve the following. Show your solution on a separate sheet of paper. (3 points each) 10. If P 11 200 is the present value of P 13 700 due at the end of 16 months, find a. discount interest rate Answer: b. simple interest rate

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