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stranahan stranahan
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7 years ago
Your bank has agreed to grant you a discount loan with an APR of 5.25%. If you need $5,000 today, how large is the face value of the loan?
A) $5,000
B) $4,751
C) $5,263
D) $5,277
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Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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Awful_HomieAwful_Homie
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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