Finance - OpenTextBookStore
Finance 113 P0 = $1002.50 r = 0.0025 (0.25%) I = $1002.50 (0.0025) = $2.51 (rounded) A = $1002.50 + $2.51 = $1005.01 Notice that in the second month we earned more interest than we did in the first … ................
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