Question: Help Save & E 1 A small business owner visits his bank to ask for a loan. The owner states that he can repay a

 Help Save & E 1 A small business owner visits his

Help Save & E 1 A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $2,000 per month for the next three years and then $1.000 per month for the two years after that the bank is charging customers 8.5 percent APR, how much would be willing to lend the business owner? Multiple Choice $80.419.29 $6,494.66 $21780.74 $96,000.00

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