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a small business owner visits his bank to ask for a loan. the owner states that he can repay a loan at $1000 per month

a small business owner visits his bank to ask for a loan. the owner states that he can repay a loan at $1000 per month for the next four years and then $750 per month for three years after that. if the bank is charging customers 7 percent apr, how much would it be willing to lend the business owner?

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