Lecture Notes on Time Value of Money
1 120 10 2 180 15 3 240 20 4 300 25 5 360 30 The amount of earnings is related to the number of hours worked. ... The annual interest earned on a loan varies directly as the amount borrowed. The interest on a loan of $400 is $56. ... (directly). For example, to rent a car from Lemons-R-Us costs $18 per day plus 3 cents per kilometer driven. The ... ................
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