An investment of $1,000,000, contracted at an interest rate of 5% annual interest based on 365, produces

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An investment of $1,000,000, contracted at an interest rate of 5% annual interest based on 365, produces a return of $51,271.10. With what financial law have I contracted it?

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Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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Posted Date: May 20, 2023 05:34 AM

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An investment of $1,000,000, contracted at an interest rate of 5% annual interest based on 365, produces

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Based on the information provided the investment of 1000000 that p... View the full answer

Fundamentals of Cost Accounting

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