Business, 05.05.2020 20:15 SanaiHardrick

The owner of a flower shop needs a short-term loan to tide her business over until she
completes the sale of some unused property. She asks the bank for a $25,000 six-month
loan. The bank agrees to give her the loan, but it attaches a hefty interest rate of 18 percent
Calculate the monthly payment and explain how the florist can handle taking this loan.

Answers: 3

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