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Posted on Jul 17, 2024

c ) Assume you borrow $ 7 0 0 0 0 . You are required to pay $ 1 1 3 9 6 . 9

)

Assume you borrow $

70 000 .

You are required to pay $

11 396.93

per annum at the end of each year for a period of

15

years. What interest rate or cost of capital would you be paying?

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