At the beginning of the year,you have an outstanding short-term loan of $274 which was used to cover your cash needs for the previous year.The interest expense for the year is $19.The projected net cash flow for this year is $123,prior to any payment of principal or interest on this loan.What is your anticipated loan balance at year end?
A) $151
B) $170
C) $176
D) $189
E) $193
Correct Answer:
Verified
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