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Question Help 0 A construction company needs to borrow $380,000 for a new job. They decide to borrow the funds at 13% for 150 days.
Question Help 0 A construction company needs to borrow $380,000 for a new job. They decide to borrow the funds at 13% for 150 days. In 1980, the same note would have been at a rate of 24%. Find the difference in the interest charges based on the two rates. Assume 360 days in a year The difference is $0 (Round to the nearest dollar.)
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