Question 4. 1 - 2 Part question.

III Homework: Chapter 15 Homework Question 4, P15-5 (similar to) Part 1 of 2 HW Score: 0%, 0 of 10 points Points: 0 of 1 Save Discount loan. Up-Front Bank uses discount loans for all its customers who want one-year loans Currently, the bank is providing one-year discount loans at 8.1% What is the effective annual rate on these loans? If you were required to repay $295,000 at the end of the loan for one year, how much would the bank have given you at the start of the loan? If you were required to repay $295,000 at the end of the loan for one year, how much would the bank have given you at the start of the loan? (Round to the nearest dollar) A