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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 119
Solve the following application problems. Round dollar amounts to the nearest cent.
INTERNATIONAL BUSINESS Lesly Pacas borrows 300,000 pesos for 90 days at 18% per year to remodel her hair salon. She lives in Guadalajara, Mexico, where the rate would have been 35% a few years earlier. Find the difference in the interest charges based on the different rates.
INTERNATIONAL BUSINESS Lesly Pacas borrows 300,000 pesos for 90 days at 18% per year to remodel her hair salon. She lives in Guadalajara, Mexico, where the rate would have been 35% a few years earlier. Find the difference in the interest charges based on the different rates.
Explanation
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Consider the interest rate is 
.
The in...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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