SOLUTION: A small business borrows ​$31,000 for expansion at 7​% compounded monthly.
The loan is due in 5 years. How much interest will the business​ pay? (round to the n
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Question 1099579: A small business borrows $31,000 for expansion at 7% compounded monthly.
The loan is due in 5 years. How much interest will the business pay? (round to the nearest cent)
Thank you.
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Work that out for the answer.
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