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Business, 02.02.2021 04:10 jetblackcap

A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $2,000 per month for the next three years and then $1,000 per month for two years after that. If the bank is charging customers 9.75 percent APR, how much would it be willing to lend the business owner

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A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan...
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