17 A finance company offers you a loan of$8,000 for two years. Interest on the loan of$1,500...
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17 A finance company offers you a loan of$8,000 for two years. Interest on the loan of$1,500 is subtracted from the loan proceeds immediately. What is the bank discount rate on the loan? What is the true interest rate?
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Bitasta Datta
I am a life science enthusiast who has been teaching Biology to Medical aspirants for about 6 years now. This experience has made me realise that science should be narrated like a story by connecting each concept with a real life example. This not only makes the class fun & intriguing, but also enable students to connect everything that they learn in the classroom with whatever they see around them.
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Related Book For 
Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
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