Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Calculate the amount of interest to be paid on a $50,000 loan over the next 28 months if money earns 8.6% p.a simple
interest.
Select one:
O a. $120,400
O b. $10,033.34
c. $836.12
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