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A $40,000 loan at 4% dated June 10 is due to be paid on October 11. The amount of interest is ...

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A $40,000 loan at 4% dated June 10 is due to be paid on October 11. The amount of interest is ...

A $40,000 loan at 4% dated June 10 is due to be paid on October 11. The amount of interest is (assume ordinary interest):

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$503.00

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$2,500.00

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$546.67

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$105.33

▸

None of these

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

Read 67 times

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