Use the Associative Property to Rewrite the Expression

question 265

Short Answer

Use the associative property to rewrite the expression. Simplify the result. __________

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Definitions:

Effective-Interest Method

A method of calculating the amortized cost of a bond and of interest expense over the bond's life, reflecting a constant rate of interest.

Amortization

The process of gradually writing off the initial cost of an intangible asset over a period.

Market Rate

The interest rate available in the marketplace for similar transactions.