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A finance company uses the discount methid of caluclating interest. the loan prinicpal is $5,000, the interest rate is 10% and repayment is expected in
A finance company uses the discount methid of caluclating interest. the loan prinicpal is $5,000, the interest rate is 10% and repayment is expected in two years. you will recieve ____ from the lender
$5,000
$4,000
none
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
