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Christy has taken a loan to buy baking equipment to start a small bussiness. They need to borrow $83,000.00 using a 8-year small bussiness loan.
Christy has taken a loan to buy baking equipment to start a small bussiness. They need to borrow $83,000.00 using a 8-year small bussiness loan. The loan has an interest rate of 4.9% compounded monthly, and they will make monthly payments of $1,046.83. (Round all answers to 2 decimal places.)
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
