Question: dPLEASE HELP TO SOLVE IT USING FINANCIAL CALCULATOR Check my work You are looking at a one-year loan of $17,500. The interest rate on a

dPLEASE HELP TO SOLVE IT USING FINANCIAL CALCULATOR

Check my work You are looking at a one-year loan of $17,500. The interest rate on a one-year loan is quoted as 11.4 percent plus two points. What is the EAR? (Round your answer to 2 decimal places. (e.g., 32.16)) points Effective annual rate % eBook Is your answer affected by the loan amount? Print References O Affected O Not affected

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What is the likely duration of this situation: one time, limited/short term, or ongoing/ long term?

Who or what is affected by this situation?

How important is this situation to the organizations mission?