calculate the following: Principal: 55,000 rate: 6.25% Time in years: simple interst: $5,156.25

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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calculate the following:

Principal: 55,000

rate: 6.25%

Time in years:

simple interst: $5,156.25

 

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