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A bank makes a 6-year loan of $100,000 at an annual interest rate of 14%. What is the balance at the end of year 2?
A bank makes a 6-year loan of $100,000 at an annual interest rate of 14%. What is the balance at the end of year 2?
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Enterprise Risk Management In Finance
Authors: David L. Olson, Desheng Dash Wu
1st Edition
1349691038, 978-1349691036
