Suppose you borrowed $10,000 via a pure discount loan at 6.25 percent interest per year and were

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Suppose you borrowed $10,000 via a pure discount loan at 6.25 percent interest per year and were going to pay back both principal and interest in five years. How much interest would you pay?

a. $3,125.00

b. $3,540.81

c. $13,125.00

d. $13,540.81

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Corporate Finance Demystified By T Adair

ISBN: B003R9TYRG

1st Edition

Authors: T Adair

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Question Posted: May 31, 2024 10:02 AM

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Suppose you borrowed $10,000 via a pure discount loan at 6.25 percent interest per year and were

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Corporate Finance Demystified By T Adair

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