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1. For a three-month loan of $5,000 with an interest rate of 5 percent, determine usable funds, the AFC and APY for each of the

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1. For a three-month loan of $5,000 with an interest rate of 5 percent, determine usable funds, the AFC and APY for each of the following four loans (assume a normal deposit balance of $0): a. Regular interest loan (interest paid at maturity) b. Discounted interest loan c. Regular interest loan with a 15% compensating balance requirement d. Discounted interest with a 15% compensating balance requirement 1. For a three-month loan of $5,000 with an interest rate of 5 percent, determine usable funds, the AFC and APY for each of the following four loans (assume a normal deposit balance of $0): a. Regular interest loan (interest paid at maturity) b. Discounted interest loan c. Regular interest loan with a 15% compensating balance requirement d. Discounted interest with a 15% compensating balance requirement

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