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Hillier Hillier
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Posts: 550
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6 years ago
On April 24, 2012, Rebecca purchased a government-guaranteed short-term investment maturing on
July 5, 2012. How much did Rebecca pay for the investment if she will receive $6000 on the maturity date and interest is 2.75%?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
S = 6000; r = 0.0275; t = 72 days
P =   = $5967.63
Hillier Author
wrote...
6 years ago
Helpful!
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