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Tju [1.3M]
2 years ago
9

Mel Sturbridge needs $24,700 to remodel his home.

Mathematics
1 answer:
mart [117]2 years ago
3 0
24,700 = P*(1 -rt)
P = $24,700/(1 -0.08*(180/360)) = $25,729.17 . . . . . assuming a 360-day year

The face value is $25,729.17.
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