Question
What was the term of a $4850 loan at 4.5% if the interest due at the end was $145.50? Answer (need work shown): 8 months
What was the term of a $4850 loan at 4.5% if the interest due at the end was $145.50?
Answer (need work shown): 8 months
What annual rate of interest was earned if a $15,000 investment for 5 months earned $546.88 in interest?
Answer (need work shown): 8.75%
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Financial Management Theory And Practice
Authors: Prasanna Chandra
8th Edition
0071078401, 978-0071078405
