Question: please make answers visable Summer 2022 Answer the question completely. Suncoast Boats Inc. estimates that because of seasonal nature of its business, it will borrow
Summer 2022 Answer the question completely. Suncoast Boats Inc. estimates that because of seasonal nature of its business, it will borrow $2,000,000 for 3 months. Suncoast will borrow @ 15% annum using a discount loan. There will be $25,000 in fees. a. Find loan amount b. C. d. e. f. Find interest. Find other cost/fees. Find compensating balance. Find m and period rate. Find Annual Percentage Rate, APR g. Find effective annual rate, EAR
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