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If a car dealership signs an operating loan of $3,500,000 to purchase new cars to be sold over the next six months, what amount does
If a car dealership signs an operating loan of $3,500,000 to purchase new cars to be sold over the next six months, what amount does the dealership need to pay back and how much of that is interest if the loan is for 6 months at 12% annually rate compounded monthly?
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