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29 Austal Ship plans to borrow 2.75 million Australian dollars (AS) for three years. It obtains a floating rate loan from a bank at the

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29 Austal Ship plans to borrow 2.75 million Australian dollars (AS) for three years. It obtains a floating rate loan from a bank at the interest rate equal to the LIBOR + 2.65 (%). Austal Ship also forecasts 3.54%, 4.26%, and 4.96% LIBOR in year1, year2, and year3, respectively, How much total interest Austal Ship needs to pay for A$2.75 millions in three years of the loan period? (enter the whole number without sign or symbol) Not yet answered Marked out of 2.00 Flag

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