3-1. What lump-sum amount of interest will be paid on a $10,000 loan that was made on August 1, 1993, 'and repaid on November 1, 1999, with " ordinary simple interest at 12% per year? 3-2. Draw à cash...


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3-1. What lump-sum amount of interest will be<br>paid on a $10,000 loan that was made on August<br>1, 1993, 'and repaid on November 1, 1999, with<br>

Extracted text: 3-1. What lump-sum amount of interest will be paid on a $10,000 loan that was made on August 1, 1993, 'and repaid on November 1, 1999, with " ordinary simple interest at 12% per year? 3-2. Draw à cash flow diagram for $10,500 being loaned out at an interest rate of 15% per annum over a period of 6 years. How much simple in- terest would be repaid as a lump-sum amount at the end of the sixth year:

Jun 10, 2022
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