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Billy Thornton borrowed $20,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Billy have to pay in a 30-day month?
a. $120.83
b. $126.88
c. $133.22
d. $139.88
e. $146.87
Alex Meir recently won a lottery and has option of receiving one of following three prizes. Supposing an interest rate of 6%, which option would Alex choose?
scanlon inc.s cfo hired you as a consultant to help her estimate the cost of capital. you have been provided with the
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Imagine that you have completed an internship in the finance division of a technology corporation. Your boss, the financial manager, is considering hiring you for a full-time job.
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