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Business, 01.03.2021 21:50 Nbeans4962
Present Value of Multiple Annuities A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $1,000 per month for the next three years and then $2,000 per month for two years after that. If the bank is charging customers 7.5% APR, how much would it be willing to lend the business owner?
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Present Value of Multiple Annuities A small business owner visits her bank to ask for a loan. The ow...
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