Suppose you borrowed 13300 at a rate of 100 and must repay, Ask an Expert

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Suppose you borrowed $13,300 at a rate of 10.0% and must repay it in five equal installments at the end of each of the next five years.

How much interest (in dollars) would you have to pay in the first year? [Type in your answer to the nearest dollar]

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92781501

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