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Author Question: You just took out a $12,000 loan for your small business. The loan has a four year term and ... (Read 66 times)

RODY.ELKHALIL

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on: Apr 25, 2021
You just took out a $12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal end-of-year payments. The interest rate on the loan is 11.5%. What is your total interest expense in the first year of the loan?
◦ $1,380.00
◦ $1,089.13
◦ $764.81
◦ $403.20
◦ $2,529.29
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by RODY.ELKHALIL on Apr 25, 2021

meganlapinski

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RODY.ELKHALIL

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

Sarahjh

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Reply 3 on: Yesterday
:D TYSM

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