Question #22862

SIS-Bank works with unit time equal to one year and applies a constant force of interest of

b = 0:03 K where K is the last non-zero digit of the customer's student ID. How much

interest would you need to pay in advance to borrow $2; 000 for a period of six months?

b = 0:03 K where K is the last non-zero digit of the customer's student ID. How much

interest would you need to pay in advance to borrow $2; 000 for a period of six months?

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