If it is given that the loan amount is 13000 the percent, Ask an Expert

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If it is given that the loan amount is $130.00, the percent stock requirement is .02, and the credit fee is $18.76.

(i) Calculate the loan principal.

a. $152.47 b. $153.37

c. $151.79 d. $152.44

Enter Response Here:

(ii) Calculate the required stock purchase.

a. $2.66 b. $3.04

c. $4.51 d. $3.62

Enter Response Here:

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92765594

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