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The difference between what the contractor has paid out on the project versus what they have been paid, at any point in time is referred

The difference between what the contractor has paid out on the project versus what they have been paid, at any point in time is referred to as the _______________

A.

Overs / Unders

B.

Overdraft

C.

Compensation differential

D.

Billings

You borrow $28,000 from a bank. You agree to 12 annual payments at 7.5% compounded yearly. What is the total amount you will have to repay the bank?

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