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Bernie Madoff sold his Palm Beach house for $15 million. This represented a loss of 15% from his purchase price.  What was the price that Mr. Madoff originally paid for his home?  Round to the nearest tenth of a million (or rounded to nearest hundred thousand). $________ million

 1 4/5 is an example of a(n):

The rules of rounding are completely different for decimals compared to whole numbers. 

Merle Fonda opened a new savings account. She deposited $40,000 at 10 percent compounded semiannually. At the start of the fourth year, Merle deposits an additional $20,000 that is also compounded semiannually at 10 percent. At the end of 6 years, the balance in Merle’s account is: (Solve using the financial calculator. Select the best answer.)

The net price equivalent rate should be rounded to nearest hundredth. 

Proceeds of a simple discount note equals the amount borrowed less bank discount.

 Simple interest loans are usually more than one year.

The LCD of 6/20, 9/5, 7/50 and 3/4: 

A video game sells at Arnolds for $14.99. Arnolds marks the game up at 40 percent of the selling price. The cost of the video game to Arnold is:

Sally Ray borrowed $38,000 to buy a new Hummer. Assuming an interest charge of $4,100, what will be her monthly payment if she takes 25 months to repay the loan? Assume the loan is repaid in equal payments.