Question: Suppose you take out a margin loan for $ 7 0 , 0 0 0 . You pay an effective rate of 6 . 2

Suppose you take out a margin loan for $70,000. You pay an effective rate of 6.2
percent. If you repay the loan in 90 days, how much interest will you pay?
Note: Do not round intermediate calculations. Round your answer to 2 decimal
places.
Interest
Suppose you take out a margin loan for $70,000. You pay

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