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Suppose you borrowed $5,000 via a pure discount loan at 4.25 percent interest per year and were going to pay back both principal and interest
Suppose you borrowed $5,000 via a pure discount loan at 4.25 percent interest per year and were going to pay back both principal and interest in three years. How much interest would you pay?
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
