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Intro Soundscape inc. needs to borrow $390,000 for three years. The company can borrow the...

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Accounting

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Intro Soundscape inc. needs to borrow $390,000 for three years. The company can borrow the money at a constant annual rate of 8% per year, or take out a sequence of one year loans at the following one-year interest rates: Part 1 Attempt 2/10 for 8 pts. What is the total interest the company has to pay if it uses short-term financing? Part 2 Attempt 1/10 for 10 pts. What is the total interest the company has to pay if it uses long-term financing

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