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anonymous
 one year ago
How many days would it take a construction loan of $548,048 to earn$50,000 exact interest at 9% interest rate?
anonymous
 one year ago
How many days would it take a construction loan of $548,048 to earn$50,000 exact interest at 9% interest rate?

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tkhunny
 one year ago
Best ResponseYou've already chosen the best response.0Please define "Exact Interest".

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Exact interest= Principle*Rate*Time/365 I just need help setting up the equation and then walk through it :)

tkhunny
 one year ago
Best ResponseYou've already chosen the best response.0You already have the equation. Fill in the blanks. Principle = 548048 Exact Interest = $50000 Rate = 9% Substitute and demonstrate your best algebra.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0$50,000= $548,048*0.09*t $50,000=$49,324.32t 1.01=t Is that right?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0How do you find the number of days though?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Here's the answers 370 days 364 days 360 days 365 days

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0I know I have no clue

tkhunny
 one year ago
Best ResponseYou've already chosen the best response.0Use your best algebra skills?
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