Question
Robbie loaned $250,000 to a small business at 7.75% compounded semi-annually for 1 year and 2 months.a. How much would the business have to repay
Robbie loaned $250,000 to a small business at 7.75% compounded semi-annually for 1 year and 2 months.a. How much would the business have to repay Robbie at the end of the period? b. How much interest did Robbie earn from this investment at the end of the period?
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Startup CFO The Finance Handbook For Your Growing Business
Authors: Kyle Brennan
1st Edition
1790959403, 978-1790959402
