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Using the simple interest formula 1 = Pr, determine the deposit that must be made to earn 53123 in 193 days at 3 47% pa The deposit required is S (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)

Using the simple interest formula 1 = Pr, determine the deposit that must be made to earn 53123 in 193 days at 3 47% pa The deposit required is S (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)

Essentials Of Investments
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
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Using the simple interest formula 1= Pr. determine the deposit that must be made to earn $31.23 in 193 days at 3 47% pa The deposit required is S (Round the final answer to the nearest cent as needed Round all intermediate values to sb decimal places as needed)
Transcribed Image Text:Using the simple interest formula 1= Pr. determine the deposit that must be made to earn $31.23 in 193 days at 3 47% pa The deposit required is S (Round the final answer to the nearest cent as needed Round all intermediate values to sb decimal places as needed)
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