Question
A person needs $2250 today from a lending company that makes loans based on a bank discount rate of 13%. What size loan should the
A person needs $2250 today from a lending company that makes loans based on a bank discount rate of 13%. What size loan should the person ask for so that he/she walks out with $2250 and the loan is to be repaid in 7 months.
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School Finance And Business Management Optimizing Fiscal Facility And Human Resources
Authors: Craig A. Schilling, Daniel R. Tomal
2nd Edition
1475844026, 978-1475844023
