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Joe Smith borrowed $54,000 to pay for a startup business. Joe must repay the loan at the end of 6 months in one payment with
Joe Smith borrowed $54,000 to pay for a startup business. Joe must repay the loan at the end of 6 months in one payment with a 5.2 percent simple interest rate. What is the total amount that Joe must ...
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
14th edition
133507696, 978-0133507690
