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(9) Erindale Bank offers Humira Boards a $80,000, 5-year term loan at 3.5% annual interest. What will your annual loan paym Using the information from

(9) Erindale Bank offers Humira Boards a $80,000, 5-year term loan at 3.5% annual interest. What will your annual loan paym Using the information from Question 3, how will this impact the Times Interest Earned ratio if these additional interest charg added to existing interest expense? Should Erindale bank be concerned? (4 points)

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