Will has a business loan of $100,000, it is for 7 years with an interest rate of

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Will has a business loan of $100,000, it is for 7 years with an interest rate of 9%. How much interest would he pay over those 7 years?

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Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Jan 28, 2024 10:24 AM

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Will has a business loan of $100,000, it is for 7 years with an interest rate of

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Expert Answer:

To calculate the total interest paid on the loan over 7 years we can use the formula f... View the full answer

Fundamentals Of Corporate Finance

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