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Loan Payment Assignment | Homework For You

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May 25th, 2020
Q8.4: Danielle has loaned $500 to Richard at a 4% annual rate of interest for one year. If the inflation rate is constant at 7% for the entire term of the loan, how much purchasing power is lost after Richard repays the loan in full? A $140 B $21.40 C $36.40 D $15.00. Get Finance homework help todayHomework For You

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