Question: j Johnson Industries borrows money from a bank for operating purposes, which is commonly referred to as a working capital loan. If the company borrows

Johnson Industries borrows money from a bank for operating purposes, which is commonly referred to as a working capital loan. If the company borrows $450000.0 now at an interest rate of 2.50% per year, compounded monthly, and the rate increases to 15.00%/yr, compounded monthly after 2.0 months, how much will the company owe at the end of 1 year? Your

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