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Čalculate the amount of simple interest earned. $1,000 at 6% for 5 years %24

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1P

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$1,000 at 6% for 5 years
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