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3. For a three-month loan of $5,000 with an interest rate of 10percent, determine usable funds, the AFC and APY for each of the following

3. For a three-month loan of $5,000 with an interest rate of 10percent, 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 10% compensating balance requirement

d. Discounted interest with a 10% compensating balance requirement

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