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How much will she owe if she repay the loan

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Reference no: EM132147263

Penney wishes to borrow $75,000 today for the purchase of bakery equipment. She have an agreement with their commercial banker that she can borrow money at an annual rate of 7.75%. How much will she owe if she repay the loan in exactly 2 years?

Reference no: EM132147263

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