Question
A lady uses a loan program for small businesses to obtain a loan to help expand her vending machine business. The lady borrows $21000 for
A lady uses a loan program for small businesses to obtain a loan to help expand her vending machine business. The lady borrows $21000 for 2 years with a simple interest rate of 1.4%
Determine the amount of money the lady must repay after 2 years.
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
