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15. Alfredo borrows a loan of $100,000 for his new restaurant at 8% for 5 year with a 4 point up- front clause. What

15. Alfredo borrows a loan of $100,000 for his new restaurant at 8% for 5 year with a 4 point up- front clause. What is the effective amount borrowed for this loan? A. 104,000 B. 100,000 C. 96,000 D. 4,000

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