Question: a . Josh bortowed $ 5 4 , 5 0 0 fiom First State Bank using his business wssets as colateral. He used the money

a. Josh bortowed $54,500 fiom First State Bank using his business wssets as colateral. He used the money to buy
City of Alanksvile bonds. Over the course of a yoor, Josh psid inberest of $11.800 on the borrowed funds, but he
recelved $10,300 of interest on the bonds.
Didactbia anaort
a. Josh bortowed $54,500 fiom First State Bank using his business

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