Multiple Choice
Owen expects to receive $30,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 8.2%, how much money can he borrow from the bank on the basis of this information?
A) $2460
B) $13,863
C) $27,726
D) $32,460
Correct Answer:
Verified
Correct Answer:
Verified
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