Business, 21.02.2020 00:31 naidaisha18

Owen expects to receive $ 25,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 7.1 %, how much money can he borrow from the bank on the basis of this information?a) $18,605
b) $11,428
c) $25,500
d) $20,000

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Owen expects to receive $ 25,000 at the end of next year from a trust fund. If a bank loans money at...

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