a contract requires payments of $1700 in 50 and 100 day with simple intrest at 6%. what is the value of contract today if the payment are discounted to yield 7.5 % ?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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a contract requires payments of $1700 in 50 and 100 day with simple intrest at 6%. what is the value of
contract today if the payment are discounted to yield 7.5% ?
Transcribed Image Text:a contract requires payments of $1700 in 50 and 100 day with simple intrest at 6%. what is the value of contract today if the payment are discounted to yield 7.5% ?
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