On a discount basis, the cost of a bank loan of $1.5 million for 7 months at

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On a discount basis, the cost of a bank loan of $1.5 million for 7 months at a quoted annual rate of 10.20% is a. 8.53% b. 10.79% c. 16.63% d. 11.09% e. 11.36%

Posted Date: May 20, 2024 01:05 AM

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On a discount basis, the cost of a bank loan of $1.5 million for 7 months at

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