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Orpah, Inc. borrowed $12,000 for 4 months on a discount basis. The lender used an interest rate of 8% to calculate the discount. The amount
Orpah, Inc. borrowed $12,000 for 4 months on a discount basis. The lender used an interest rate of 8% to calculate the discount. The amount of cash Orpah, Inc. actually had available to use from this loan was:
| $11,040 | |
| $12,000 | |
| $12,320 | |
| $11,680 |
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Where Does Money Grow
Authors: Beth McGuinness
1070202150, 978-1070202150
