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Maria has saved $10,000.00 to buy an existing business. She needs to borrow the remainder of a purchase price and a bank will make her

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Maria has saved $10,000.00 to buy an existing business. She needs to borrow the remainder of a purchase price and a bank will make her a loan at 8.5% annual interest for 10 years with monthly payments. Using her business plan, Maria thinks she can afford $2,200.00 in loan payments. Maria found a business she would like to buy that is for sale for $190,000.00. Can Marla afford the cost of the business that is for sale? No, she would have only $10,000.00 No, she would have only about $177,440. No, she would have about $187,440. Yes, she would have about $200,000,00

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