Question: A farmer is considering borrowing money from a bank. Given the following information: - Initial loan amount is $95,000. - The loan will be fully

A farmer is considering borrowing money from a bank. Given the

A farmer is considering borrowing money from a bank. Given the following information: - Initial loan amount is $95,000. - The loan will be fully amortized in 3 years at 12%. - Marginal tax rate is 25%

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