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A firm borrows $255,000 from a bank and agrees to pay back the bank over 4 years at 12%. What are the total finance charages? $25,384.22 $67,326.15 $22,924.66 $13,872.19 $650.00 $20,879.60 $183,487.11 O $6.87 O $1,892,660.66 O $1,988,374.34 O $1,765,147.96

A firm borrows $255,000 from a bank and agrees to pay back the bank over 4 years at 12%. What are the total finance charages? $25,384.22 $67,326.15 $22,924.66 $13,872.19 $650.00 $20,879.60 $183,487.11 O $6.87 O $1,892,660.66 O $1,988,374.34 O $1,765,147.96

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A firm borrows $255,000 from a bank and agrees to pay back the bank over 4 years at 12%. What are the total finance charages? O $25,384.22 O $67,326.15 O $22,924.66 O $13,872.19 O $650.00 O $20,879.60 $183,487.11 O $6.87 O $1,892,660.66 O $1,988,374.34 O $1,765,147.96
Transcribed Image Text:A firm borrows $255,000 from a bank and agrees to pay back the bank over 4 years at 12%. What are the total finance charages? O $25,384.22 O $67,326.15 O $22,924.66 O $13,872.19 O $650.00 O $20,879.60 $183,487.11 O $6.87 O $1,892,660.66 O $1,988,374.34 O $1,765,147.96
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