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Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate interest using a 360-day year. If required, round your answers to the nearest cent.
Principal Interest Rate
Time
Interest
$2,700
9.6%
30 days
45 days
3,300
6.0%
80 days
3,800
10.5%
120 days
$4
5,300
150 days
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