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Business: The Cost of Credit Speech

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Essay's paper info

Topic:	Miscellaneous
Number of pages / Number of words:	2 / 353

Essay's paper body

Page 430: 1-7 & 11-17

1. What three things must you know to be able to calculate interest? What is the simple interest formula?

Rate, Principal, and Time Factor

I = P x R x T

2. In calculating interest, how many days are normally considered to be in one year?

360 (to make it an easy calculation)

3...

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