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Business, 13.11.2019 21:31 caleelwittmann31

Sanders co. is planning to finance an expansion of its operations by borrowing $52,900. city bank has agreed to loan sanders the funds. sanders has two repayment options: (1) to issue a note with the principal due in 10 years and with interest payable annually or (2) to issue a note to repay $5,290 of the principal each year along with the annual interest based on the unpaid principal balance. assume the interest rate is 11 percent for each option.

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Sanders co. is planning to finance an expansion of its operations by borrowing $52,900. city bank ha...
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