Holly needs $21,800 worth of new equipment for his shop. He can borrow this money at a
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Holly needs $21,800 worth of new equipment for his shop. He can borrow this money at a discount rate of 11% for a year. Find the amount of the loan Holly should ask for so that the proceeds are $21,800. Maturity = $
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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