Lsc has a bank loan that calls for a payment of 17384 every, Ask an Expert

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LSC has a bank loan that calls for a payment of $17,384 every month for three years. The bank quoted a rate of 8.40% with monthly compounding. At what rate would you discount the payments to find amount borrowed by LSC? (Round to two decimal places.)

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Financial Management, Finance

Category:- Financial Management
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