A toy store owner would like to borrow 9000 from a bank to, Ask an Expert

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A toy store owner would like to borrow $9000 from a bank to increase her stock. The bank will give the owner a discounted loan for 4 months at a simple discount rate of 14%. What should be the value of the loan so that the owner will have the use of $9000?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92272976

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