Firm borrows $12,000 for four years. How much must it repay in a lump sum at the end of the fourth year at an interest r
Posted: Mon Mar 21, 2022 4:33 pm
- Firm Borrows 12 000 For Four Years How Much Must It Repay In A Lump Sum At The End Of The Fourth Year At An Interest R 1 (91.95 KiB) Viewed 34 times
what is the different
but I think it's simple
Firm borrows $12,000 for four years. How much must it repay in a lump sum at the end of the fourth year at an interest rate of 11% per year? Select one: O a. $18,216.84 O b. $17.280.00 O c. NONE O d. $15,471.66 O e. $3,867.92 O f.$5,280.00