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Question
fornelli corporation borrowed $360,000 from central bank on may 31, 2011. the three-year, 7% note required annual payments of $137,178 beginning may 31, 2012. the total amount of interest to be paid over the life of the loan is
a.$25,200
b.$51,534
c.$100,562
d.$75,600
Answer
This answer is hidden. It contains 1 characters.
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