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July 23, 2014

Homework Help: Math/Finance

Posted by Aniya on Thursday, September 6, 2012 at 9:58pm.

Which formula do I use for the following question: Sheila Spinney borrowed $32,500 at 7.5% simple interest for 180 days on January 7. The bank later sold the note at an 8% discount on March 2. Find the proceeds to the bank.

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