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valputin valputin
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8 years ago
If $22,050 is the amount payable in two years for a $20,000 simple loan made today, the interest rate is
A) 5 percent.
B) 10 percent.
C) 22 percent.
D) 25 percent.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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valputin Author
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8 years ago
Correct
Our course uses > The Economics of Money, Banking and Financial Markets
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#3
8 years ago
Great! Happy to be right Face with Stuck-out Tongue
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