Question

Your business requests a 3-month loan for
$500,000. What will be the interest paid at the
end of the term if the business risk percentage is
assessed at 2.0% and LIBOR is at 2.1%?
interest paid = $ [?]
=
Round to the nearest hundredth.
Entor

Answer 1

Answer:

im preety sure its 561500

Step-by-step explanation:

4.1% x 4 is 61500 + 500000 = 561500