Babybeast8298 Babybeast8298

09-01-2024
Business

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In order to build a new warehouse facility, the regional distributor for Valco Multiposition Valves borrowed $2.000 million at 10.000% per year interest. What is the annual interest payable by the distributor?
a) $20,000
b) $200,000
c) $2,000,000
d) $200,000,000

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