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Oakwood Plowing Company purchased two new plows for the upcoming winter. In 200 days. Oakwood must make a single payment of $
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Answer #1

Answer : 4.20%

Interest Mest Earned for the 200 Days = 22,411-21900= 511

Interest for 360 Days = 511*(200/360) = 919.80

Interest Rate Pre annum = 919.80/ 21,900 = 4.20%

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