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Answer the Question. -You Are Going to Borrow $71,500.00 for 72 Days. You

Question 114

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Answer the question.
-You are going to borrow $71,500.00 for 72 days. You are to be loaned the money at an interest rate of 9%, and you are given the option to choose exact or ordinary interest. Which would you choose? Explain.

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Exact inte...

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