Jacksonville technical college received 3445553 in state, Ask an Expert

Economics

Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest.

How much interest will the college earn on the investment?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9100128

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