A loan of $8,900 at 7.75% annually is made on September 10 and due on December 10.

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A loan of $8,900 at 7.75% annually is made on September 10 and due on December 10. Find
(a) The exact interest
(b) The ordinary interest. Round answers to the nearest cent.

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:47 AM

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A loan of $8,900 at 7.75% annually is made on September 10 and due on December 10.

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Business Math

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