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You borrow $550 for 120 days at a simple interest rate of 4.6%. What is the interest on the loan? Be sure to use the
You borrow $550 for 120 days at a simple interest rate of 4.6%.
What is the interest on the loan? Be sure to use the Bankers' Rule when working with daily rates.
What is the loan's future value?
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The Finance Book
Authors: Stuart Warner, Si Hussain
1st Edition
1292123648, 978-1292123646
