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Business, 23.04.2020 01:10 aprilreneeclaroxob0c

Surreal Corp. has borrowed to invest in a project. The loan calls for a payment of $17,500 every month for three years. The lender quoted Surreal a rate of 8.40 percent with monthly compounding. At what rate would you discount the payments to find amount borrowed by Surreal Corp.

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Surreal Corp. has borrowed to invest in a project. The loan calls for a payment of $17,500 every mon...
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