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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
النسخة 12الرقم المعياري الدولي: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
النسخة 12الرقم المعياري الدولي: 978-0132605540 تمرين 37
Use the table to solve the following application problems. Round to the nearest cent.
INVESTMENT DECISION Bill Baxter has $25,000 to invest for a year. He can lend it to his sister, who has agreed to pay 10 simple interest for the year. Or, he can invest it with a bank at 6 compounded quarterly for a year. How much additional interest would the simple interest loan to his sister generate?
INVESTMENT DECISION Bill Baxter has $25,000 to invest for a year. He can lend it to his sister, who has agreed to pay 10 simple interest for the year. Or, he can invest it with a bank at 6 compounded quarterly for a year. How much additional interest would the simple interest loan to his sister generate?
التوضيح
موثّق
موثّق
Consider the simple interest case.
The ...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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