Question: D Question 2 2 pts Van Buren Resources Inc. is considering borrowing $100,000 for 150 days from its bank. Van Buren will pay $10,000 of
D Question 2 2 pts Van Buren Resources Inc. is considering borrowing $100,000 for 150 days from its bank. Van Buren will pay $10,000 of interest at maturity, and it will repay the $100,000 of principal at maturity. Assume that there are 365 days per year. Calculate the loan's annual financing cost %. Round your answer to two decimal places. . Calculate the loan's annual percentage rate %. Round your answer to two decimal places. FB % 5 & 7 4 6 8
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