robininwv robininwv
  • 17-01-2023
  • Mathematics
contestada

Your business requests a 3-month loan for
$550,000. What will be the interest paid at the
end of the term if the business risk percentage is
assessed at 2.0% and LIBOR is at 2.8%?
interest paid = $ [?]
Round to the nearest hundredth.
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