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To convert time in days it is necessary to multiply the time in years times 360 or 365. (Points : 1) True False
360
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User: To convert time in days it is necessary to multiply the time in years times 360 or 365. (Points : 1) True False

Weegy: 360
justpretty|Points 1125|

User: Janet took out a loan of $50,000 from Bank of America at 8 percent on March 19, 2006 which is due on July 8, 2006. Using exact interest, the amount of Janet's interest cost is:

Weegy: $1216.44 is the amount of Janet's interest cost.
jher000|Points 7474|

User: A 8% 13 week Treasury Bill would have an effective interest rate of (to the nearest hundredth percent). Assume it is a $10,000 Treasury Bill.

Weegy: The Total Amount Of Interest On A Loan Of $6,000 For 150 Days Is $210.50. Using The Ordinary Interest Method, What Is The Rate Of Interest On This Loan? ... [ ]
Expert answered|bananayumboat|Points 52|

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Asked 7/14/2012 9:49:37 PM
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