11. Due to your good credit, your bank reduces the interest rate on your $12,000 loan from...

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11. Due to your good credit, your bank reduces the interest rate on your $12,000 loan from 9% to 7.5% per year. Thanks to the change, how much will you save in interest this year?

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Fundamentals Of Corporate Finance

ISBN: 9780134475561

4th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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