Question
A small business borrows $50,000 for expansion at 9% compounded monthly. The loan is due in 4 years. The business does not have to make
A small business borrows $50,000 for expansion at 9% compounded monthly. The loan is due in 4 years. The business does not have to make any payments in between just pay off the loan and interest in 4 years. How much interest will the business pay for borrowing the money?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
