A motor cycle tag price is 75,000 cash for 60 days. A buyer wants to pay outright

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A motor cycle tag price is 75,000 cash for 60 days. A buyer wants to pay outright cash on the assumption that money is worth 12% simple interest.

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Essentials of Marketing

ISBN: 978-0078028885

13th edition

Authors: William D. Perreault, Joseph P. Cannon

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Posted Date: Oct 18, 2023 01:07 AM

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A motor cycle tag price is 75,000 cash for 60 days. A buyer wants to pay outright

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To find the cash price today you can use the simple interest formula Simple Interest I P... View the full answer

Essentials of Marketing

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