What are the proceeds
Problem: A non interest bearing note of $2000 is discounted at 12% compounded quarterly for 5 years and 8 months. What are the proceeds?
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Invest a total of $4000 in 2 stocks that paid 5% and 7% annual interests. At the end of the year total interests from these investments is $230. How much was invested at each rate?
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A non interest bearing note of $2000 is discounted at 12% compounded quarterly for 5 years and 8 months. What are the proceeds?
Question: Find the rate of interest if money is worth 18% compounded monthly?
What should be the face value of the note to give them the exact amount they need to pay cash for the merchandise?
Thirty days after borrowing the money, B. Good settled the debt by having it discounted at a simple interest rate of 7%. How much did G. Whiz recieve?
The farmer had a total of 70 acres available for these crops. He has $140 he can invest and 80 man days of labor available. How many acres of each crop should he plant for maximum profit?
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