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How much are you able to borrow

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Question - You borrow money on April 30, 2015, by promising to make four payments of 19,000 each on November 1, 2015; May 1, 2016; and May 1, 2017.

How much are you able to borrow if the interest rate is 6%, compounded semiannually? 10% semiannually? 12% semiannually?

Reference no: EM132040491

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