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A company lends its supplier $155,000 for 3 years at a 5% annual interest rate. Interest payments are to be made twice a year. Each interest payment will be for: O $11.625. O $7,750 O $3,875 O $23,250
Expert Answer
1. 2. 3.
A company lends its supplier $155,000 for 3 years at a 5% annual interest rate. Interest payments are to be made twice a year. Each interest payment will be for: O $11.625. O $7,750 O $3,875 O $23,250
