A woman uses a loan program for small businesses to obtain a loan to help expand her
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Question:
A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine business. The woman borrows $28,000 for 3 years with a simple interest rate of 1.3%. Determine the amount of money the woman must repay after 3 years.
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-1259666360
17th edition
Authors: Douglas A. Lind, William G Marchal
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