A finance company uses the discount method of calculating interest. The loan principal is $5,000, the...
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A finance company uses the discount method of calculating interest. The loan principal is $5,000, the interest rate is 10%, and repayment is expected in two years. You will receive 4196.25 X from the lender. Round to the nearest cent. DO NO Done A finance company uses the discount method of calculating interest. The loan principal is $5,000, the interest rate is 10%, and repayment is expected in two years. You will receive 4196.25 X from the lender. Round to the nearest cent. DO NO Done
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