A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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A sum of $12,000 is borrowed for 160 days at an annual simple interest rate of 9%. Calculate the maturity value (in dollars). (Use 360 days in 1 year.)
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