Audry has a debt of 335,150 with an interest rate of 5.65% for from the beginning of the month of April and will mature on the end of the month of September. Compute for the following; Interest using approximate time and exact interest method Interest using actual time and Ordinary interest method
Audry has a debt of 335,150 with an interest rate of 5.65% for from the beginning of the month of April and will mature on the end of the month of September. Compute for the following; Interest using approximate time and exact interest method Interest using actual time and Ordinary interest method
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Audry has a debt of 335,150 with an interest rate of 5.65% for from the beginning of the month of April and will mature on the end of the month of September. Compute for the following;
Interest using approximate time and exact interest method
Interest using actual time and Ordinary interest method
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