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At the Beginning of the Year,you Have an Outstanding Short-Term

Question 94

Multiple Choice

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

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