2. A mortgage investor has identified a short-term investment opportunity offering a simple interest rate of 3.5% per annum. For each $75,000 invested, the investor will receive $75,143.84 at the end of the investment term. Calculate the required duration of the term of the investment (in days).

Answer rating: 100% (QA)

To find the duration of the investment term in days we can use ... View the full answer