## Related questions with answers

Question

Use ordinary interest at exact time to solve.

Face Value of CP | Interest Rate | Time in Days | Interest | Bank Service Fee | Cost of CP | Yield |
---|---|---|---|---|---|---|

800,000 | 5.75% | 120 | a. | 50 | b. | c. |

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

Step 1

1 of 8In this problem, we need to find the interest, cost of CP and yield of the CP.

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