Your firm needs to borrow $40,000. You must repay $55,000 in 3 years. a.) what is the

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Your firm needs to borrow $40,000. You must repay $55,000 in 3 years.

a.) what is the rate per month?

b.) what is the APR?

c.) what is the EAR?

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Corporate Finance

ISBN: 978-0133097894

3rd edition

Authors: Jonathan Berk and Peter DeMarzo

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Posted Date: Apr 26, 2023 06:58 AM

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Your firm needs to borrow $40,000. You must repay $55,000 in 3 years. a.) what is the

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To calculate the rate per month we can use the formula r FVPV1n 1 where r is th... View the full answer

Corporate Finance

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