Multiple Choice
A company has borrowed money at discount; that is, they will not pay any interest on it during the 5 years when the loan is outstanding.If interest rates are 8% and the total repayment will be $50,000, the amount they will receive now from the bank is closest to:
A) $33,841.
B) $34,029.
C) $46,000.
D) $50,000.
Correct Answer:
Verified
Correct Answer:
Verified
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