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Use the commission schedule from Company B shown in the table to find the annual...

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Algebra

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Use the commission schedule from Company B shown in the table to find the annual rate of interest earned on the investment Note commisions are rounded to the nearest cent Principal Value of Stock Under 3 000 3 000 10 000 Over 10 000 Commissi 32 1 8 of princi 56 1 of princi 106 0 5 of princi An investor purchases 494 shares at 36 53 a share holds the stock for 262 days and then sells the stock for 50 34 a share Assume a 360 day year The annual rate of interest is Round to three decimal places

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