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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 2,000 per month for
A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan 2,000 per month for the next three years and then 4,000 per month for two years after that. if the bank is charging customers 10.00 percent ARP how much would it be willing to lend the business owner?
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