If you borrowed $1,850 for 5 months at a simple interest rate of 5.50% per annum, how

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If you borrowed $1,850 for 5 months at a simple interest rate of 5.50% per annum, how much interest would you be required to pay?

Express your answer to two decimal places but don't include symbols in your answer (i.e. $. %, etc.).

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Financial Analysis with Microsoft Excel

ISBN: 978-1285432274

7th edition

Authors: Timothy R. Mayes, Todd M. Shank

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Posted Date: Jul 17, 2022 02:35 AM

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If you borrowed $1,850 for 5 months at a simple interest rate of 5.50% per annum, how

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The interest would be 3188 Explanation In order to ... View the full answer

Financial Analysis with Microsoft Excel

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