A small business owner visits his bank to ask for a loan, Ask an Expert

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A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $1.300 per month for the next three years and then $2.300 per month for the two years after that.

If the bank is charging customers 7.25 percent APR, how much would it be willing to end the business owner?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92823091

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