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Hillier Hillier
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6 years ago
What rate of interest is paid if the interest on a loan of $15 000.00 is $2000.00 from January 31, 2014 to May 31, 2014?
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Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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wrote...
6 years ago
Number of days between January 31 and May 31 = 120
r =   = 40.5556%
Hillier Author
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5 years ago
Thank you for helping
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