How much would it be willing to lend the business owner

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A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $1,600 per month for the next three years and then $3,200 per month for two years after that.

If the bank is charging customers 9.00 percent APR, how much would it be willing to lend the business owner?

Reference no: EM131985424

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