Question: b . Taking the exchange rate effect on the cost of borrowing into consideration, determine the effective interest rate in U . S . dollars

b. Taking the exchange rate effect on the cost of borrowing into consideration, determine the effective interest
rate in U.S. dollars on the loan in each of the three years 2020,2021, and 2022.
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Required B
Taking the exchange rate effect on the cost of borrowing into consideration, determine the effective interest rate in U.S.
dollars on the loan in each of the three years 2020,2021, and 2022.(Do not round intermediate calculations.)
 b. Taking the exchange rate effect on the cost of borrowing

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