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Business, 18.02.2020 04:40 coolmonkey3643

A small business owner visits his bank to ask for a loan. The owner states that she can repay a loan at $2,500 per month for the next two years and then $3,000 per month for another two years after that. If the bank is charging customers 6.5 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 she can repay a loan...

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