Homework Help: Business Math

Posted by Donna on Thursday, March 14, 2013 at 9:04am.

Oakwood plowing company purchased two new plows for the upcoming winter. Oakwood must make a single payment of 25,03 to pay for the plows. As of today he has $24,200. Asuume the Oakwood puts the money in the bank today, what rate of interest will it need to pay off the plows in 200 days?

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