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A sum of money is due in 2 years. If the banker's discount on it is $200 at 10%
Practice Questions
Q1
A sum of money is due in 2 years. If the banker's discount on it is $200 at 10% per annum, what is the present worth?
$1800
$2000
$2200
$2400
Questions & Step-by-Step Solutions
A sum of money is due in 2 years. If the banker's discount on it is $200 at 10% per annum, what is the present worth?
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