Question
A small business repairs its store. The builders charge them $350,000 which will be paid back in monthly installments over five years at 5.30% APR.
A small business repairs its store. The builders charge them $350,000 which will be paid back in monthly installments over five years at 5.30% APR. The builders will reduce this rate to 3.50% APR if they pay $4800 up front. By approximately how much will this reduce the monthly loan repayments? Group of answer choices $249.53 $373.35 $445.74 $201.35
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
