Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Determine the simple interest. The rate is an annual rate. Assume 360 days in a year.
p=$280,
r=7.25%,
t=2.75
yearsThe simple interest is
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