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Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise ...

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Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise ...

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

Bob's BBQ signed a note with a face value of $16,800.00 on September 11. The note is for 90 days and carries an interest rate of 12%. Find the due date and the maturity value of the note.

▸ December 11, $17,472.00

▸ December 10, $17,304.00

▸ December 12, $16,800.00

▸ December 11, $18,816.00

Textbook

Business Mathematics

Edition: 15^th

Authors: Clendenen, Moninger

Read 47 times

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