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Home Q & A Board Other Fields Homework Help Business Finance
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jason23 jason23
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3 weeks ago
Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise indicated.

Frank borrowed $51,849 from the bank at 11.1% for 253 days to expand his bike shop. Find the maturity value.

▸ $55,893.65

▸ $55,680.57

▸ $55,950.62

▸ $55,995.93
Textbook 
Business Mathematics

Business Mathematics


Edition: 15th
Authors:
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Tram N.Tram N.
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jason23 Author
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3 weeks ago
Thanks
jmendoza
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Gorgio_De
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2 hours ago
Thanks for your help!!
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