Richard borrowed $2000 from Linda. The terms of the loan are as follows: The period of the
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Richard borrowed $2000 from Linda. The terms of the loan are as follows: The period of the loan is 3 years, and the rate of interest is 8% compounded semiannually. What rate of simple interest would be equivalent to the rate Linda charged Richard?
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A 2000 1 0082 6 2000 104 6 2...View the full answer
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Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Question Posted:
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