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Zach wants to borrow money to purchase some music equipment. He can afford to make quarterly payments of $400 for three years to finance his debt.

Find the amount of money he can borrow for each of the following. a) An add-on loan at 8% b) A 5% discount loan c) An installment loan at 9.6%

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93052396

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