Posted on by Judy

Today Borrowing Money Must Repay Lender One Year Lump Sum Payment 12 800 Much Money Borrow Q17778052

today you are borrowing money and must repay the lender one yearfrom now with a lump-sum payment of $12,800. How much more moneyare you borrowing if the interest rate is 8.45 percent, compoundedmonthly
 
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