ahoysarah01
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PLEASE HELP!!!


Martha jones received a $540 discount loan to purchase a new sewing machine. The loan was offered at 12.5% for 90 days. Find the interest in dollar and the proceeds for the following problems.


I think the interest is 16.88


Interest: 15.68

15.48

16.88


Proceeds:523.12

523.52

523.32

Verified Answer :

brockrohn

$100 discount loan for 7%

1) Pay back $100 in one year
2) Receive $93, today.

$540 discount loan for 12.5%

1) Pay back $540.00 in 90 days.
2) Receive WHAT, today? It's less than

16.88


523.12


at least for the question i got

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