Ted owes 2000 to mary the loan is payable in 1 year at 10
Ted owes $2000 to Mary. The loan is payable in 1 year at 10%. Mary needs cash, so 2 months before the loan is payable she goes to her bank which will pay her the maturity value of the note less a 14% discount fee. Find the amount Mary will receive
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big domrsquos pawn shop charges an interest rate of 264 percent per month on loans to its customers like all lenders
ted owes 2000 to mary the loan is payable in 1 year at 10 mary needs cash so 2 months before the loan is payable she
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