A firm buys 12 file cabinets at $140 each, with the bill due in 90 days. How

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A firm buys 12 file cabinets at $140 each, with the bill due in 90 days. How much must the firm deposit now to have enough to pay the bill if money is worth 12% simple interest per year? Use 360 days in a year.

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 05:30 AM

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A firm buys 12 file cabinets at $140 each, with the bill due in 90 days. How

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S 12140 1680 t r 012 find P P I P ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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