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A bank gave a borrower a straight-term loan for 73% of the value of his property. If the interest was 9.75% per annum and the
- A bank gave a borrower a straight-term loan for 73% of the value of his property. If the interest was 9.75% per annum and the first year’s interest was $5,338, approximately what was the property value?
- $54,748
- $73,123
- $74,998
- $75,058
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
