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CHAPTER THREE FUNDAMENTALS OF PROBLEM SOLVING
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60 days aliquot annual ANNUAL PERCENTAGE RATE assets average balance bank discount base bonds borrowed canceling Cast out nines cents commission common fractions common stock Company compound interest compounded computed decimal fraction decimal point deducted denominator depreciation determined digit Divide dividend division divisor dollars due date employees EXAMPLE EXERCISE expressed factors finance charge find the amount formula gross margin hexadecimal i.b. note improper fractions income tax initial markup interest at exact inventory investment invoice June labor cost less list price loan loss lowest terms markdowns markup percent maturity value method minuend mixed number month monthly multiplying n.i.b. note number of days ordinary annuity paid percentage period preferred stock premium present value problems profit proper fraction purchased quantity quotient ratio remainder retail selling price shares sold Solve the following Subtract trade discounts UNIT wages whole numbers