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Question A small business owner visits his

Question : Question A small business owner visits his : 1501

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A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $2,300 per month for the next three years and then $1,300 per month for two years after that. If the bank is charging customers 10.50 percent APR, how much would it be willing to lend the business owner? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

 

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Finance 9 Months Ago 113 Views
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