=+(1) Deutsche Bank can make a 1,000,000 trust receipt loan against the finished goods inventory. The annual

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=+(1) Deutsche Bank can make a €1,000,000 trust receipt loan against the finished goods inventory. The annual interest rate on the loan is 6% on the outstanding loan balance plus a 0.25% administration fee levied against the initial loan. Because it will be liquidated as inventory is sold, the average amount owed over the month is expected to be €750,000.

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