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A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $2,500 per month
A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $2,500 per month for the next three years and then $5,000 per month for two years after that If the bank is charging customers 8.75 per round intermediate calculations. Round your final answer to 2 decimal places.) cent APR, how much would it be willing to lend the business owner? (Do not Present value References eBook & Resources Worksheet Difficulty: 2 Intermediate Check my work
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