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A firm takes a loan of $100,000 for a month at simple interest from a bank. If the bank quotes an annual rate of 12%
A firm takes a loan of $100,000 for a month at simple interest from a bank. If the bank quotes an annual rate of 12% on a simple interest loan, then at the end of the month the firm needs to repay Blank______. Multiple choice question. $12,000 $1,000 $120,000 $101,000
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
538497904, 978-0538497909
