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How much would be willing to lend the business owner

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Reference no: EM132651821

Question 1: A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $1,500 per month for the next three years and then $500 per month for two years after that. If the bank is charging customers 8.5 percent APR. how much would it be willing to lend the business owner?

Reference no: EM132651821

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