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Business, 26.10.2020 17:00 DiegoMath

Your firm is considering a one-year loan for $522,000. The fees are 2% of the loan amount and the interest rate is 4.3%. First, compute the net amount of funds from the loan. Based on this net amount, what is the true interest rate of the loan

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Your firm is considering a one-year loan for $522,000. The fees are 2% of the loan amount and the in...

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