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Title: Solve the problem.Central Building Company borrowed $16,003 on a 187-day simple interest note to ...
Post by: jarzola on Jul 14, 2024
Solve the problem.

Central Building Company borrowed $16,003 on a 187-day simple interest note to expand their business.  The note carried an interest rate of 11.6%.  Find the maturity value of the note.

▸ $16,967.27

▸ $16,098.11

▸ $16,980.85

▸ $15,038.73


Title: Re: Solve the problem.Central Building Company borrowed $16,003 on a 187-day simple interest note to ...
Post by: skysdalmts on Jul 14, 2024
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