Question
Suppose you borrow $875 for a term of four years at simple interest and 4.28% APR. How much is the total (principal plus interest)
Suppose you borrow $875 for a term of four years at simple interest and 4.28% APR. How much is the total (principal plus interest) you must pay back on the loan?
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Bank Management and Financial Services
Authors: Peter Rose, Sylvia Hudgins
9th edition
78034671, 978-0078034671
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