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Mathematics of Finance
Chapter 5 Mathematics of Finance Copyright ©2015 Pearson Education, Inc. All right reserved.
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Simple Interest and Discount
Section 5.1 Simple Interest and Discount Copyright ©2015 Pearson Education, Inc. All right reserved.
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Copyright ©2015 Pearson Education, Inc. All right reserved.
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Copyright ©2015 Pearson Education, Inc. All right reserved.
Example: To furnish her new apartment, Maggie Chan borrowed $4000 at 3% interest from her parents for 9 months. How much interest will she pay? Solution: Use the formula with Thus, Maggie pays a total of $90 in interest. Copyright ©2015 Pearson Education, Inc. All right reserved.
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Copyright ©2015 Pearson Education, Inc. All right reserved.
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Copyright ©2015 Pearson Education, Inc. All right reserved.
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Copyright ©2015 Pearson Education, Inc. All right reserved.
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Copyright ©2015 Pearson Education, Inc. All right reserved.
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Copyright ©2015 Pearson Education, Inc. All right reserved.
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Copyright ©2015 Pearson Education, Inc. All right reserved.
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Copyright ©2015 Pearson Education, Inc. All right reserved.
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Copyright ©2015 Pearson Education, Inc. All right reserved.
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Copyright ©2015 Pearson Education, Inc. All right reserved.
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