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Author Question: On April 24, 2012, Rebecca purchased a government-guaranteed short-term investment maturing on July ... (Read 76 times)

KWilfred

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Question 1

What principal will have a maturity value of $12 000.00 at 6.25% p.a. in 3 months?

Question 2

On April 24, 2012, Rebecca purchased a government-guaranteed short-term investment maturing on
July 5, 2012. How much did Rebecca pay for the investment if she will receive $6000 on the maturity date and interest is 2.75%?


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Marked as best answer by KWilfred on Jun 6, 2019

Perkypinki

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