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1. On August 5, Lacey Jewelry Store purchased $5,000 of jewelry from their supplier with terms of 2/10, n/45. Lacey did not have sufficient cash on August 15 to take advantage of the cash discount,...

Lucy contributed $5000 per year from her salary to a 401(k) plan and her employer matched it dollar for dollar. The interest rate is 7.5% compounded annually. After 15 years of working...

How many days will it take for a sum of $1900 to earn $32 interest if it is deposited in a bank paying simple interest at the rate of 8% per year? (Use a 365-day year). For this purpose only...

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