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Anne Elliot purchased a Bently for $350,000. She provided 20% in cash and the remaining sum was provided in the form of a recourse loan
Anne Elliot purchased a Bently for $350,000. She provided 20% in cash and the remaining sum was provided in the form of a recourse loan from Barnett Bank. The terms were 7 years at seven percent What is Anne's basis O $70,000 O $300,000 $350,000 O $280,000
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