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A sum of $2500 is due in 3 years. If the banker's discount is $300 at 4% per ann

Practice Questions

Q1
A sum of $2500 is due in 3 years. If the banker's discount is $300 at 4% per annum, what is the present worth?
  1. $2200
  2. $2300
  3. $2400
  4. $2500

Questions & Step-by-Step Solutions

A sum of $2500 is due in 3 years. If the banker's discount is $300 at 4% per annum, what is the present worth?
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