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I don't know! what is the different but I think it's simple Firm borrows $12,000 for four years. How much must it repay in a
I don't know! what is the different but I think it's simple
Firm borrows $12,000 for four years. How much must it repay in a lump sum at the end of the fourth year at an interest rate of 11% per year? Select one: O a. $18,216.84 O b. $17.280.00 O c. NONE O d. $15,471.66 O e. $3,867.92 O f.$5,280.00Step by Step Solution
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