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Keifer Air Conditioning Can Borrow Money for 2 Years at 12

Question 4

Short Answer

Keifer Air Conditioning can borrow money for 2 years at 12% compounded quarterly. Compute the interest charge if Keifer borrows $28,000 to remodel its office. (Use Tables 16-1A&B or a calculator.)​

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0.12 ¸ 4 = 0.03; 4 ´ 2 = 8; $2...

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