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mariasmakatof mariasmakatof
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2 months ago
Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise indicated.

HarbourTown Marina purchased four boat lifts for raising and lowering large boats into the water. The boat lifts cost $62,600 each. They borrowed the money from the bank for 240 days at 12%. Find the maturity value.

▸ $280,448.00

▸ $270,432.00

▸ $67,608.00

▸ $70,112.00
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Business Mathematics

Business Mathematics


Edition: 15th
Authors:
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Akabbett1Akabbett1
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2 months ago
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mariasmakatof Author
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2 months ago
You make an excellent tutor!
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Just got PERFECT on my quiz
tcat
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this is exactly what I needed
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