Jill kramer borrowed 25000 to pay for a start-up business, Ask an Expert

Finance

Jill Kramer borrowed $25,000 to pay for a start-up business. Jill must repay the loan at the end of 5 months in one payment with a 6 percent simple interest rate.

A. What is the total amount that Jill must repay in 5 months.

B. How much interest does Jill pay?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92797409

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