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The small Business Administration offers business loans at 4.95% Interest compounded monthly for 10 years. If the owner of a restaurant can afford monthly payments

The small Business Administration offers business loans at 4.95% Interest compounded monthly for 10 years. If the owner of a restaurant can afford monthly payments of $1000, what is the maximum amount the owner can borrow?

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The Small Business Administration offers business loans at 4.95% interest compounded monthly for 10 years. If the owner of a restaurant can afford monthly payments of $1000, what is the maximum amount the owner can borrow? Question Help: D Video 1 Video 2 Submit

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