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Business, 31.05.2020 01:02 Destinationz

Crane Productions borrowed some money from the California Finance Company at a rate of 17.20 percent for a seven-year period. The loan calls for a payment of $1,200,000 each year beginning today. How much did Crane borrow? (Round factor values to 4 decimal places, e. g. 1.5214 and final answer to nearest whole dollar, e. g. 5,275.)

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Crane Productions borrowed some money from the California Finance Company at a rate of 17.20 percent...
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