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Category: Uncategorized (page 21)

A sinking fund: 

Posted on: December 17, 2025 Last updated on: December 17, 2025 Written by: Anonymous
A sinking fund: 
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Lee, manager of Lexington soccer team, was trying to figure…

Posted on: December 17, 2025 Last updated on: December 17, 2025 Written by: Anonymous
Lee, manager of Lexington soccer team, was trying to figure the percent of games they lost this season. Their record was 30 wins and 10 losses. What percent of the soccer games did they lose?
Continue reading “Lee, manager of Lexington soccer team, was trying to figure…”…

Zales bought a tea set for $1,400. Zales wants to markup the…

Posted on: December 17, 2025 Last updated on: December 17, 2025 Written by: Anonymous
Zales bought a tea set for $1,400. Zales wants to markup the set 55% of the selling price. The selling price of the tea set should be:
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 A simple discount note does not involve a bank discount.

Posted on: December 17, 2025 Last updated on: December 17, 2025 Written by: Anonymous
 A simple discount note does not involve a bank discount.
Continue reading “ A simple discount note does not involve a bank discount.”…

 The single equivalent discount rate of 9/15/18 is:

Posted on: December 17, 2025 Last updated on: December 17, 2025 Written by: Anonymous
 The single equivalent discount rate of 9/15/18 is:
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 2/10, n/30 means the credit period is 30 days from end of d…

Posted on: December 17, 2025 Last updated on: December 17, 2025 Written by: Anonymous
 2/10, n/30 means the credit period is 30 days from end of discount period.
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The bank discount of a $18,000 simple discount 8 percent, 90…

Posted on: December 17, 2025 Last updated on: December 17, 2025 Written by: Anonymous
The bank discount of a $18,000 simple discount 8 percent, 90-day note is:
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How much would Howard Steele need to invest today so that he…

Posted on: December 17, 2025 Last updated on: December 17, 2025 Written by: Anonymous
How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8 percent compounded annually? (Solve using the financial calculator. Select the best answer.)
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.3, .30, .300 have the same value.

Posted on: December 17, 2025 Last updated on: December 17, 2025 Written by: Anonymous
.3, .30, .300 have the same value.
Continue reading “.3, .30, .300 have the same value.”…

 Most companies calculate the finance charge on credit card…

Posted on: December 17, 2025 Last updated on: December 17, 2025 Written by: Anonymous
 Most companies calculate the finance charge on credit card accounts as a percentage of the:
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