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(Solved): Calculate the simple interest and maturity value. Note: Do not round intermediate calculations. Rou ...
Calculate the simple interest and maturity value. Note: Do not round intermediate calculations. Round your answers to the nearest cent.
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Given that Principal,p=$5,200interest rate,r=5%=0.05 [convert percent to decimal]time period,t=12 months=1 year To find : The simple interest (SI) and
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