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Problem:

If a student borrows $20,000 to start a business as a 5 year, 10% loan, assume annual payments, the decrease in principal in year 1 is

Choose one:

A. $2,000.00

B. $3,275.95

C. $4,000.00

D. $5,275.95

E. None of these

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91145901

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