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How much would it be willing to lend the business owner

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A small business owner visit his bank to ask for a loan. The owner states that he can repay a loan at $2700 a month for the next 3 years and then $1700 a month for2 years after that. If the bank is charging customers 9.00% APR how much would it be willing to lend the business owner?

Reference no: EM131877383

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