A bank gave a borrower a straight term loan for 73 of the value of his property If the interest was 9 75 per annum and the first years interest was $5,338, approximately what was the property value $54,748 $73,123 $74,998 $75,058 ...

Answer Option c 74998 is correct Solution Interest amo ...

A bank gave a borrower a straight-term loan for 73% of the value of his property. If

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A bank gave a borrower a straight-term loan for 73% of the value of his property. If the interest was 9.75% per annum and the first year’s interest was $5,338, approximately what was the property value?
1. $54,748
2. $73,123
3. $74,998
4. $75,058

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Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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Posted Date: Mar 04, 2022 05:11 AM

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A bank gave a borrower a straight-term loan for 73% of the value of his property. If

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Auditing a business risk appraoch

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