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A company currently owes $30,000 to a bank for a loan it took 3 years and 5 months ago. The interest rate charged on the
A company currently owes $30,000 to a bank for a loan it took 3 years and 5 months ago. The interest rate charged on the loan was 5.5% compounded monthly. a. What was the original principal of the loan? $0.00 X Round to the nearest cent b. What was the amount of interest charged on the loan? Round to the nearest cent
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
