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papahomer papahomer
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7 years ago
Fibercom Inc. needs $500,000 for one year.  If the loan takes the form of a discounted note at a stated rate of 4%, how much will Fibercom actually need to borrow?
A) $480,000
B) $500,000
C) $520,833
D) $520,000
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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7 years ago
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papahomer Author
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7 years ago
Thank you, thank you, thank you!
jakechambo3
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Yesterday
Good timing, thanks!
terriroberts96
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2 hours ago
Thanks for your help!!
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