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    Exam 10: Medium-To-Long-Term Debt
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    A Company Borrows $125 000 from a Bank at 7
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A Company Borrows $125 000 from a Bank at 7

Question 68

Question 68

Multiple Choice

A company borrows $125 000 from a bank at 7.2% per annum to be amortised over six years.The monthly instalment is:


A) $1861.11
B) $2143.15
C) $7274.21
D) $26 386.61

Correct Answer:

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