Business, 12.01.2021 02:00 drma1084

A person borrows $200that he must repay in a lump sum no more than 8 years from now. The interest rate is 8.5% annually compounded. The borrower can repay the loan at the end of any earlier year with no prepayment penalty. a.What amount will be due if the borrower repays the loan after 1 year

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A person borrows $200that he must repay in a lump sum no more than 8 years from now. The interest ra...

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