Given: principal = P40000 interest rate = 8%
time period = from January 6, 2020 to May 20, 2020
For each problem or implied question, choose the answer form the given choices.
Prompt 1ordinary interest based on approximate time
Answer for prompt 1 ordinary interest based on approximate time
Prompt 2maturity value with ordinary interest based on actual time
Answer for prompt 2 maturity value with ordinary interest based on actual time
Prompt 3maturity value with ordinary interest based on approximate time
Answer for prompt 3 maturity value with ordinary interest based on approximate time
Prompt 4actual time
Answer for prompt 4 actual time
Prompt 5exact interest based on approximate time
Answer for prompt 5 exact interest based on approximate time
Prompt 6ordinary interest based on actual time
Answer for prompt 6 ordinary interest based on actual time
Prompt 7approximate time
Answer for prompt 7 approximate time
Prompt 8maturity value with exact interest based on actual time
Answer for prompt 8 maturity value with exact interest based on actual time
Prompt 9exact interest based on actual time
Answer for prompt 9 exact interest based on actual time
Prompt 10maturity value with exact interest based on approximate time
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