nie purchases a television from a salesman who promises her 25,000 if she returns it in 61 days. Annie requests urgent payment, and the merchant agrees to calculate the required amount based on the assumption that money is worth 14.14% simple interest. What is the minimum amount required? 3 de
nie purchases a television from a salesman who promises her 25,000 if she returns it in 61 days. Annie requests urgent payment, and the merchant agrees to calculate the required amount based on the assumption that money is worth 14.14% simple interest. What is the minimum amount required? 3 de
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter6: Using Credit
Section: Chapter Questions
Problem 9FPE
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Annie purchases a television from a salesman who promises her 25,000 if she returns it in 61 days. Annie requests urgent payment, and the merchant agrees to calculate the required amount based on the assumption that money is worth 14.14% simple interest. What is the minimum amount required?
3 decimal places asap thank you
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