Brynn takes out a 7% simple interest loan today that will be repaid 15 months from now

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Brynn takes out a 7% simple interest loan today that will be repaid 15 months from now with a payoff amount of $815.63. What amount is she borrowing?

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Operations Management Creating Value Along the Supply Chain

ISBN: 978-0470525906

7th Edition

Authors: Roberta S. Russell, Bernard W. Taylor

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Posted Date: Apr 06, 2024 11:41 AM

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Brynn takes out a 7% simple interest loan today that will be repaid 15 months from now

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To find out how much Brynn is borrowing we can use the simple interest formula Simple Intere... View the full answer

Operations Management Creating Value Along the Supply Chain

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