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OpenStudy (anonymous):
Ok All:) I have one more I could really use some help on if anyone is available:) The problem is: Find the interest for a Principle of $82,250.00, a Rate of 13% for 2.1 years? That 2.1 really threw me. This is using ordinary interest (360 days). The answer should be $22,454.25. Darned if I can find how they got it though. Anyone's help is appreciated, Denise
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