If you want to earn 7% annual simple interest on an investment, how much should you pay for a note that will be worth $4,800 in 6 months? (Round your answer to two decimal places.) $
If you want to earn 7% annual simple interest on an investment, how much should you pay for a note that will be worth $4,800 in 6 months? (Round your answer to two decimal places.) $
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.1: Exponential Functions And Their Graphs
Problem 5SC
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