Multiple Choice
You borrows $10,000 today at j2 = 8%.You pay back $7000 at the end of 2-years and another $7000 at the end of n-years (from today) .What is the value of n? (years,days)
A) 7 yrs,30 days
B) 7 yrs,60 days
C) 14 yrs,30 days
D) 14 yrs,60 days
Correct Answer:
Verified
Correct Answer:
Verified
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