Micropore LLP, a small law firm, borrowed $280,000 for three years and two months at 12% compounded
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Micropore LLP, a small law firm, borrowed $280,000 for three years and two months at 12% compounded semi- annually. Calculate the amount the law firm would have to repay at the end of the period. What is the amount of interest charged on the loan?
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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