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What is the present worth of a sum of $8000 due in 2 years if the banker's disco
Practice Questions
Q1
What is the present worth of a sum of $8000 due in 2 years if the banker's discount is $640 at 8% per annum?
$7200
$7600
$8000
$8400
Questions & Step-by-Step Solutions
What is the present worth of a sum of $8000 due in 2 years if the banker's discount is $640 at 8% per annum?
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