Solve the problem.A loan officer at a bank has $81,000 to lend and is required to obtain an average return of
per year. If he can lend at the rate of
or the rate of
how much can he lend at the
rate and still meet his required return?
A. $40,500.00
B.
$4,764.71? |
C. $2,531.25
D. $1,336,500.00
Answer: A
Mathematics
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