In all problem involving days, a 360-day year is assumed. When annual rates are requested as an
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In all problem involving days, a 360-day year is assumed. When annual rates are requested as an answer, express the rate as a percentage, correct to three decimal places, unless directed otherwise. Round dollar amounts to the nearest cent.
If $3,000 is loaned for 4 months at a 4.5% annual rate, how much interest is earned?
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Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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