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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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?
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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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