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21. Thirteen years ago, the Archer Corporation borrowed ( $ 7,000,000 ). Since then, cumulative inflation has been 67 percent (a compound rate of approximately
21. Thirteen years ago, the Archer Corporation borrowed \( \$ 7,000,000 \). Since then, cumulative inflation has been 67 percent (a compound rate of approximately 4 percent per year). a. When the firm rep 2 answers
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