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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 110
Solve the following application problems. Round to the nearest cent.
Explain the difference between 8% compounded monthly for 1 year and 8% simple interest for 1 year. If you were lending money, which type of interest would you specify? Why?
Explain the difference between 8% compounded monthly for 1 year and 8% simple interest for 1 year. If you were lending money, which type of interest would you specify? Why?
Explanation
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Suppose that your principal is 
.
The f...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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