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eBook Cost of Bank Loan On March 1, Minnerly Motors obtains a business loan from a local bank. The loan is a $24,000 interest-only loan

eBook Cost of Bank Loan On March 1, Minnerly Motors obtains a business loan from a local bank. The loan is a $24,000 interest-only loan with a nominal rate of 11%. Interest is calculated on a simple i...

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