You should pay

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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If you want to earn 15% annual simple interest on an investment, how much should you pay for a note that
will be worth $14,200.00 in 7 months.
You should pay $
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Transcribed Image Text:core: 0/26 0/26 answered O Question 4 If you want to earn 15% annual simple interest on an investment, how much should you pay for a note that will be worth $14,200.00 in 7 months. You should pay $ Question Help: Message instructor Submit Question
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