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A sum of $1500 is due in 4 years. If the banker's discount is $240 at 6% per ann

Practice Questions

Q1
A sum of $1500 is due in 4 years. If the banker's discount is $240 at 6% per annum, what is the present worth?
  1. $1260
  2. $1300
  3. $1400
  4. $1500

Questions & Step-by-Step Solutions

A sum of $1500 is due in 4 years. If the banker's discount is $240 at 6% per annum, what is the present worth?
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