Social Studies, 30.11.2020 09:50 ineedhelp2285
Suppose a company borrows $20 million for a year at an interest rate of 6 percent annually, with all interest and principal to be paid at
the end of the year.
A) how much money will the company give the lender at the end of the year?
B) how much is the principal, and how much is the interest payment?
Answers: 3
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Suppose a company borrows $20 million for a year at an interest rate of 6 percent annually, with all...
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