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Posted on Aug 07, 2024

A customer wants to borrower $ 5 0 , 2 0 0 for one year from TRC State Bank. The bank offers a discount loan

A customer wants to borrower $

50, 200

for one year from TRC State Bank. The bank offers a discount loan with an interest rate of

12.5

percent. How much of the loan will be available to the customer?

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