Question: addition, Paymaster must maintain a minimum demand deposit with the bank of 7 percent of the loan balance throughout the term of the loan. The

addition, Paymaster must maintain a minimum demand deposit with the bank

addition, Paymaster must maintain a minimum demand deposit with the bank of 7 percent of the loan balance throughout the term of the loan. The annualized cost of the bank loan is %. (Round to two decimal places.)

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