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What is the interest due on $57,000 at 7 1/2% from June 2008 until today
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Today's date keeps changing, and if you are calculating days elapsed, you cannot just say "June 2008" for the start date.
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i=0.12 use P=F*(P/F,i,n)=F/((1+i)^n) P1=-300/(1.12^3)=213.53 P2=-1000/(1.12^5)=567.43
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