P= $140 R= 3% T= 2 Year Find the simple interest owed for the use of the money. Assume 360 days in a year.

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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P= $140 R= 3% T= 2 Year Find the simple interest owed for the use of the money. Assume 360 days in a year.
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P = $140

R = 3%

T = 2 Year

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