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EBK CONTEMPORARY FINANCIAL MANAGEMENT

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 6P

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A motor cycle tag price is 75,000 cash for 60 days. A buyer wants to pay outright cash on the assumption that money is worth 12% simple interest. Find the cash price today.

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