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Business, 19.11.2019 17:31 Nalolivares
You have just obtained a personal loan for a new home movie system under the simple interest method. you have borrowed $12,000 for 9 months at an annual rate of 10%. your marginal tax rate is 28%. what are the total interest charges you would pay if the loan is paid off on time?
a) $1,200
b) $1,080
c) $900
d) $648
e) none of the above
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