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A company lends its supplier $168,000 for 3 years at a 6% annual interest rate. Interest payments are to be made twice a year. Each
A company lends its supplier $168,000 for 3 years at a 6% annual interest rate. Interest payments are to be made twice a year. Each interest payment will be for: |
$15,120.
$30,240.
$5,040.
$10,080.
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