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Adrian has $3,000 from last year's livestock projects. She hopes to open a

livestock supply store but needs to pay $15,000 in start-up costs for feed and
equipment for resale. She will borrow $12,000 for eight months at 6% interest.
What is the interest expense?

1 Answer

9 votes
720 Interest expense
Nothing trick here. Straight forward in
User Young Emil
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