Because of your good credit, your bank will reduce the interest rate on your 12,000 loans from

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Because of your good credit, your bank will reduce the interest rate on your 12,000 loans from 9% to 7.5% per year. How much will you save in interest this year thanks to the change?

The amount you will save as interest this year is $______________ (rounded to the nearest dollar)

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Entrepreneurial Finance

ISBN: 978-1305968356

6th edition

Authors: J. Chris Leach, Ronald W. Melicher

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Posted Date: May 24, 2023 08:55 AM

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Because of your good credit, your bank will reduce the interest rate on your 12,000 loans from

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