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You Go to a Lending Institution That Offers a 270-Day

Question 109

Multiple Choice

You go to a lending institution that offers a 270-day discounted loan at d = 9%.You wish to walk out the door with $5000.What size loan should you ask for?


A) $4667.12
B) $5332.88
C) $5356.62
D) $5360.87

Correct Answer:

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