Rebecca earned $2,995 as interest by lending a certain amount at 2.00% p.m. for 8 months. b.

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Rebecca earned $2,995 as interest by lending a certain amount at 2.00% p.m. for 8 months.

b.Calculate the loan principal.

Round to the nearest cent

b.Calculate the loan's maturity value.

Round to the nearest cent

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 19, 2024 08:00 PM

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Rebecca earned $2,995 as interest by lending a certain amount at 2.00% p.m. for 8 months. b.

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Income Tax Fundamentals 2013

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