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Home Q & A Board Science-Related Homework Help Mathematics
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chief333 chief333
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6 months ago
A 60-day $500 note with interest at 9.5% was written on July 15. The maker approaches the payee on August 9 to propose an early settlement. What amount should the payee be willing to accept on August 9 if short-term investments can earn 7.25%?

▸ $502.30

▸ $503.40

▸ $584.30

▸ $502.50

▸ $504.30
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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szsz
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6 months ago
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$504.30


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sz
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#2
2 months ago
Added my complete solution!!!
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