Use the exact interest method (365 days) and the ordinary interest method (360 days) to compare the amount ( in $) of interest for the loan. ( round your answers to two decimal places.) Principal : $188,500 Rate (%) : 5.75 Time ( days ) : 56 What is the Exact interest ? What is the ordinary interest ?

Use the exact interest method (365 days) and the ordinary interest method (360 days) to compare the amount ( in $) of interest for the loan. ( round your answers to two decimal places.) Principal : $188,500 Rate (%) : 5.75 Time ( days ) : 56 What is the Exact interest ? What is the ordinary interest ?

Name: Use the exact interest method (365 days) and the ordinary interest met
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Description: Use the exact interest method (365 days) and the ordinary interest method (360 days) to compare the amount ( in $) of interest for the loan. ( round your answers to two decimal places.) Principal : $188,500Rate (%) : 5.75 Time ( days ) : 56 What is t

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter8: Sequences And Series

Section8.4: Mathematics Of Finance

Problem 26E

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