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If John takes a single payment discount loan and receives $5,000, What is his Usable Funds amount if he is paying 12% on the loan?
If John takes a single payment discount loan and receives $5,000, What is his Usable Funds amount if he is paying 12% on the loan?
$5,000
$4,000
$4,400
$4,500
None of the Above
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
