Martin is offered an investment where for $4000 today, he will receive $4,280in one year....
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Accounting
Martin is offered an investment where for $4000 today, he will receive $4,280in one year. He decides to borrow $4000 from the bank to make this investment. What is the maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment?
A. 6%
B. 7%
C. 5%
D. 8%
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