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Annual rate of interest

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For a 120-day bank loan at an annual rate of interest of 10 percent. If the loan is for $100,000, how much interest in dollars will she pay, assuming a 360 day year for convenience?

Reference no: EM131483174

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Annual rate of interest : For a 120-day bank loan at an annual rate of interest of 10 percent. If the loan is for $100,000, how much interest in dollars will she pay.
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