Principal: $11,200.00 Interest Rate: 5.0% Date borrowed: 10/25/2023 Date Repaid: 2/13/2024  Days (ordinary interest): 360 Days (exact interest): 365     1.Time in days- 2 interest (ordinary interest)- 3. Interest (exact interest)- 4. Amount saved using exact interest. -

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 1E: An annuity is a sum of money that is paid in regular equal payments. The __________ of an annuity is...
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Principal: $11,200.00

Interest Rate: 5.0%
Date borrowed: 10/25/2023

Date Repaid: 2/13/2024 

Days (ordinary interest): 360

Days (exact interest): 365

 

 

1.Time in days-

2 interest (ordinary interest)-

3. Interest (exact interest)-

4. Amount saved using exact interest. -

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