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Business, 25.11.2021 14:10 dondre54

Suppose you want to start a business in three years and you need a loan for four years once the business is created (for years 4, 5, 6, and 7). The bank has told you that the three year rate is 7%, the four year rate is 7.5%, and the seven year rate is 8.5%. What is the rate in year 4, 5, 6, and 7, respectively

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